# US stock market today: Nasdaq falls 1.5% as Nvidia extends losses, Wall Street heads for weekly gains — retained record

> Retained news record from news:india-cnbc-tv18.

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source: [news](https://highsignal.app/data/news) (news:india-cnbc-tv18)  published 2026-11-13 17:32 ingested 2026-11-14 03:04

[original source ↗](https://www.cnbctv18.com/market/us-stock-market-today-dow-futures-jump-136-points-s-nvidia-slides-4-20033721.htm)

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US stock market today: Nasdaq falls 1.5% as Nvidia extends losses, Wall Street heads for weekly gains
- Published OnNov 13, 2026 | 19:09 IST
- Last Updated OnNov 13, 2026 | 23:02 IST
Uncertainty surrounding Nvidia's sudden leadership transition is dragging down tech shares, overshadowing softer monthly wholesale inflation readings. HSBC downgraded the chipmaker as interim leadership takes the reins. Find out how the board plans to navigate the succession process.
US stocks were trading lower on Friday (November 13), with technology shares leading the decline as Nvidia extended its recent losses. Despite the pullback, the Nasdaq Composite, S&P 500 and Dow Jones Industrial Average were heading for weekly gains.
The Nasdaq Composite was down 1.5%, while the S&P 500 declined 0.8%. The Dow Jones Industrial Average was trading 67 points lower, or 0.1%.
Markets initially moved higher after October's Producer Price Index (PPI) data came in below expectations. Wholesale prices rose 0.3% month-on-month, compared with economists' estimates of a 0.4% increase. However, producer prices were up 6.5% from a year earlier, marking the biggest annual increase since November 2022.
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Nvidia remained a key drag on the market, with its shares falling more than 3% on Friday after declining over 4% in the previous session. The stock came under pressure following the reported exit of founder and CEO Jensen Huang amid allegations surrounding his personal relationships, including a reported association with a woman US intelligence officials believe is a Chinese spy.
HSBC downgraded Nvidia to 'hold' on Friday, citing uncertainty over the company's leadership transition. The brokerage expects the stock to remain under pressure until the chipmaker announces a permanent succession plan.
Nvidia Chief Financial Officer Colette Kress, who has been with the company for more than a decade, is leading the chipmaker as interim CEO. The board is considering both internal and external candidates for a permanent replacement.
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