S&P 500 down 0.38% — Market Pulse · Nov 10, 2026

U.S. stocks gave back a modest part of Monday’s rebound on Nov. 10. The S&P 500 closed at 7520.93, down 29.01 points, or 0.38%, while the Nasdaq Composite fell 187.26 points, or 0.74%, to 25065.88. The Dow Jones Industrial Average slipped 157.86 points, or 0.30%, to 52231.89, and the Russell 2000 lost 19.43 points, or 0.68%, to 2821.38.

Key Takeaways

• S&P 500 closed down 0.38% at 7,520.93.
• Market breadth finished with 247 advancers, 250 decliners, and a 0.988 advance/decline ratio.
• Financials led sectors at +0.52%, while Technology lagged at -1.15%.
• VIX ended at 19.46 in the latest five-session lookback.
• SPY’s first resistance is 758.34 and first support is 744.14.

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Market Breadth: Stocks eased after Monday’s rebound as inflation and Fed rate worries checked momentum

Metric	Nov 4	Nov 5	Nov 6	Nov 9	Nov 10
Advance/Decline Ratio	2.961	0.170	0.584	5.423	0.988
Advances	376	73	185	423	247
Declines	127	430	317	78	250
Advancing Volume	64.1%	9.3%	47.7%	74.5%	38.8%
Stocks Near 52-Week Highs	55	4	3	15	18
Stocks Near 52-Week Lows	0	4	1	0	0
% Above 20-Day MA	73.4%	63.2%	59.6%	68.6%	70.4%
% Above 50-Day MA	70.8%	61.6%	61.0%	68.6%	68.4%
% Above 200-Day MA	63.8%	55.7%	53.3%	59.8%	60.0%

Breadth was close to even, with 247 advancers and 250 decliners, for an advance-decline ratio of 0.988. Advancing volume was lighter at 38.76%, which suggests the day’s selling pressure carried more weight than the nearly balanced stock count implies. Even so, participation remained fairly healthy under the surface, with 70.38% of stocks above their 20-day moving average, 68.39% above the 50-day, and 60.04% above the 200-day. Stocks near 52-week highs rose to 18, with none near 52-week lows.

Explore the full dashboard: Market breadth.

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Market Performance: Major Indexes

Index	Close	Change	% Change
S&P 500	7,520.93	-29.01	-0.38%
Dow Jones Industrial Average	52,231.89	-157.86	-0.30%
Nasdaq Composite	25,065.88	-187.26	-0.74%
Russell 2000	2,821.38	-19.43	-0.68%

Five-session context:

Index	Nov 4	Nov 5	Nov 6	Nov 9	Nov 10
S&P 500	+1.58%	-4.36%	+0.31%	+2.35%	-0.38%
Dow Jones Industrial Average	+3.03%	-3.44%	-0.46%	+2.15%	-0.30%
Nasdaq Composite	+1.44%	-5.52%	+1.09%	+2.74%	-0.74%
Russell 2000	+1.58%	-4.45%	+0.89%	+3.15%	-0.68%

The pullback came after a powerful bounce on Nov. 9, when the S&P 500 rose 2.35% and the Russell 2000 gained 3.15%. Over the full five-session stretch, trading remained choppy. The S&P 500 swung from 7688.62 on Nov. 4 to 7353.73 on Nov. 5, then recovered to 7520.93 by Nov. 10. The Nasdaq showed a similar profile, dropping 5.52% on Nov. 5, rebounding 2.74% on Nov. 9, then fading 0.74% on Tuesday.

Explore the full dashboard: Market snapshot.

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Sector View: Leaders and Laggards

• Leaders: Financials (XLF +0.52%), Energy (XLE +0.44%), Communication Services (XLC +0.37%), Health Care (XLV +0.29%), Consumer Staples (XLP +0.15%)
• Laggards: Technology (XLK -1.15%), Materials (XLB -0.17%), Utilities (XLU -0.14%), Real Estate (XLRE -0.13%), Industrials (XLI -0.09%)

Leadership tilted defensive and rate-sensitive in a mixed way. Financials led with XLF up 0.52%, followed by Energy at 0.44%, Communication Services at 0.37%, Health Care at 0.29%, and Consumer Staples at 0.15%. Technology was the clear laggard, with XLK down 1.15%. Materials, Utilities, Real Estate, and Industrials also finished slightly lower.

Explore the full dashboard: Sector performance.

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Volatility: VIX and ETF Implied Volatility

Metric	Nov 4	Nov 5	Nov 6	Nov 9	Nov 10
VIX Level	16.61	28.18	25.64	19.92	19.46

• SPY IV: 14.27% (Low)
• QQQ IV: 24.56% (Normal)
• IWM IV: 16.65% (Normal)
• DIA IV: 14.66% (Low)

Volatility continued to cool from last week’s spike. The VIX closed at 19.46, down from 19.92 on Nov. 9 and well below 28.18 on Nov. 5. ETF implied volatility painted a steadier picture too: SPY averaged 14.27% and DIA 14.66%, both labeled Low, while QQQ at 24.56% and IWM at 16.65% were labeled Normal.

Explore the full dashboard: Volatility.

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Headlines Moving Markets

The main drag came from inflation and policy concerns. Reuters reported that Wall Street ended lower as hot inflation data and Fed comments heightened rate worries. Reuters also reported that Fed officials opened the door to a half-percentage-point rate hike, and a separate Reuters poll pointed to one more rate increase in December as inflation risks stay high. Against that backdrop, stronger third-quarter GDP growth of 3.4% and September personal consumption expenditures growth of 0.5% reinforced the idea that demand has not cooled much.

• Wall St ends lower as hot inflation data, Fed comments heighten rate worries - Reuters
• Fed officials open door to a half-percentage-point rate hike as inflation worsens - Reuters
• Fed to raise rates once more in December as inflation risks stay high: Reuters poll - Reuters
• Fed’s Logan calls for two more rate hikes, possibly rapidly - Reuters
• Instant view: Hot October inflation report rattles markets - Reuters
• Jim Cramer’s top 10 things to watch in the stock market Tuesday
• Sniper rifles and ziplines: Iranian women train for combat in Tehran - Reuters
• Federal Reserve Board announces approval of two applications by Mutual Federal Bancorp, MHC, and MFB Bancorp, Inc.
• Federal Reserve issues FOMC statement
• GDP (Advance Estimate), 3rd Quarter 2026
• Personal Income and Outlays, September 2026
• Personal Income and Outlays, July 2026

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Technical Snapshot (SPY)

Level	Nov 4	Nov 5	Nov 6	Nov 9	Nov 10
20-day SMA	768.09	767.57	765.55	763.39	762.13
50-day SMA	766.39	766.44	765.83	765.15	764.86
200-day SMA	726.62	727.09	727.35	727.61	727.96

Near-term pivot structure, based on 2026-11-09:

• Resistance: 758.34 (R1), then 763.95 (R2)
• Pivot: 749.76
• Support: 744.14 (S1), then 735.56 (S2)

On the SPY map, the pivot sits at 749.76. Nearby resistance levels are 758.34 and 763.95, while support stands at 744.14 and 735.56. Trend gauges are clustered overhead in the near term, with the 20-day simple moving average at 762.13 and the 50-day at 764.86. The longer-term 200-day moving average remains lower at 727.96, showing the broader uptrend is still intact even as price works through short-term resistance.

Explore the full dashboard: Support & Resistance levels.

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What to Watch Next

• Whether the S&P 500 can hold above the SPY pivot at 749.76 after closing at 7520.93 on a softer session.
• Breadth quality, especially if advancing volume improves from 38.76% while more than 70.38% of stocks stay above their 20-day moving average.
• VIX behavior around 19.46 after the retreat from 28.18 on Nov. 5.
• Technology leadership or further slippage after XLK fell 1.15% and the Nasdaq underperformed at -0.74%.
• Fed rate expectations after Reuters reports on hotter inflation, possible larger hikes, and a December increase still in play.

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Bottom Line

Tuesday’s decline looked more like a pause than a broad breakdown. Index losses were modest, breadth was nearly even, and volatility kept easing, but softer volume participation and weakness in XLK showed that inflation and rate fears still matter. The next test is whether the market can stabilize above nearby support while participation stays firm.

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Market Pulse provides daily analysis of S&P 500 market breadth, sector rotation, and volatility signals to help investors understand what’s happening beneath the surface. Data sourced from our real-time market breadth collectors. For personalized planning, explore our retirement calculators, investment tools, and FIRE planning resources.

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