Semiconductor Equities Drop as Chipmaker Sell-Off Pulls Down Tech Indexes
Sharp declines across chipmakers led by Applied Materials and AMD offset cool wholesale inflation data as Wall Street indexes retreat.
A broad retreat across semiconductor and hardware equities dragged major U.S. stock indexes lower on Friday, Nov. 13, 2026, offsetting early optimism sparked by cooling wholesale inflation figures, according to market reporting published by Yahoo Finance (https://finance.yahoo.com/m/59c1380c-6194-35f8-be3b-4a6a3148bfa4/stock-market-today%3A-indexes.html?.tsrc=rss).
Losses concentrated in technology components pulled benchmark averages into the red after index futures had signaled an early morning rebound. The Nasdaq Composite slid roughly 0.89% to 25,136.24, and the Nasdaq 100 declined 1.24%. The broader S&P 500 index retreated 0.47% to 7,557.22. By contrast, the Dow Jones Industrial Average held virtually flat, edging higher by 0.09% to 52,341.67, insulated by defensive gains in non-technology components including Coca-Cola, Visa, and Johnson & Johnson.
Semiconductor suppliers and chip design firms registered the sharpest declines of the session. Equipment manufacturer Applied Materials fell 3.15%, ranking among the weakest performers in the S&P 500. Advanced Micro Devices dropped 8.77%, Sandisk fell 6.76%, and Micron Technology declined 3.34%. Enterprise networking vendor Cisco Systems also saw steep selling, dropping more than 6% on the day.
Nvidia fell between 1.9% and 2.5% to trade near $162 per share, extending a multi-day pullback following the sudden resignation of longtime chief executive Jensen Huang. The leadership vacuum at the semiconductor bellwether continued to pressure investor sentiment across the broader hardware ecosystem, even as heavy trading volumes pointed to sector-wide institutional portfolio repositioning.
The slide blunted an initial market lift fueled by October producer price data that had pointed to easing wholesale pressures. Investors now await Nvidia's scheduled quarterly earnings release alongside upcoming commentary from Federal Reserve officials to gauge whether enterprise hardware demand and broader monetary conditions can steady the technology complex.
Sources
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