Market Report, 2026-11-13

Despite a turbulent week on Wall Street, stocks managed to finish solidly in positive territory, rebounding from the previous week's selloff as investors digested the midterm election results. However, renewed inflation concerns, rising interest rates, and the scandal surrounding Nvidia kept volatility elevated.

For the week, the S&P 500 gained 2.5%, closing at 7,562. The Dow rose 2.1%, while the Nasdaq advanced 2.3%. Energy stocks were among the strongest performers as geopolitical tensions continued to influence oil prices.

One of the biggest stories was the scandal involving Nvidia CEO Jensen Huang, who resigned Thursday following reports involving his personal conduct and potential national security concerns. Nvidia shares finished the week down nearly 13%, raising questions about leadership at one of the world's most influential artificial intelligence companies.

Inflation was another major focus. Tuesday's Consumer Price Index came in hotter than expected, with consumer prices rising 0.4% in October versus the 0.3% economists anticipated. Core inflation, which excludes food and energy, rose 0.3%, also above expectations.

Friday's Producer Price Index provided some relief, rising a less-than-expected 0.3% for the month. However, producer prices remain elevated, increasing 6.5% over the past year.

These inflation reports, combined with hawkish comments from Federal Reserve officials, increased expectations for additional interest rate hikes. Treasury yields climbed sharply, with the 10-year yield moving above 5%, putting pressure on bonds and gold.

At Adams Wealth Advisors, we continue to emphasize the importance of diversification and a disciplined investment approach, particularly when market sentiment can change so quickly.