S&P 500 Slips as Semiconductor Selloff Drives Volatility

The S&P 500 declined 0.59% to 7,548.52 on November 13, 2026, capping a choppy two-week period of wide swings. The market experienced a distinct divergence as capital rotated out of megacap growth stocks, leading the Nasdaq Composite to drop 0.7% while the Dow Jones Industrial Average gained 0.07%.

Semiconductors drove the decline, with the PHLX Semiconductor index falling 3.74%. This selloff was partially offset by gains in defensive sectors. Technical indicators show the index is currently trading below its 20-day and 50-day moving averages, though it remains above the 200-day average. Analysts identify 7,500 as a key line of support and 7,600 as a critical risk pivot and resistance level.

Market participants are now looking toward several upcoming catalysts. Investors await Nvidia Inc. earnings on November 17 and the Anthropic IPO on November 18 as potential drivers for recovery. Additionally, the U.S. 10-year Treasury yield rose to 5.155% ahead of a Federal Reserve System meeting scheduled for December 8–9.