S&P 500 up 1.41% — Market Pulse · Nov 11, 2026

U.S. stocks regained momentum on November 11. The S&P 500 closed at 7627.15, up 106.22 points, or 1.41%, while the Nasdaq Composite climbed 455.66 points, or 1.82%, to 25521.53. The Dow added 254 points, or 0.49%, to 52485.89, and the Russell 2000 rose 0.90% to 2846.72.

Key Takeaways

• S&P 500 closed up 1.41% at 7,627.15.
• Market breadth finished with 312 advancers, 188 decliners, and a 1.660 advance/decline ratio.
• Technology led sectors at +3.60%, while Health Care lagged at -0.16%.
• VIX ended at 17.48 in the latest five-session lookback.
• SPY’s first resistance is 753.03 and first support is 745.88.

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Market Breadth: Stocks rebound as tech leads, breadth improves, and volatility cools further

Metric	Nov 5	Nov 6	Nov 9	Nov 10	Nov 11
Advance/Decline Ratio	0.170	0.575	5.410	1.008	1.660
Advances	73	183	422	249	312
Declines	430	318	78	247	188
Advancing Volume	9.3%	47.5%	74.4%	38.8%	76.9%
Stocks Near 52-Week Highs	4	3	15	18	21
Stocks Near 52-Week Lows	4	1	0	0	0
% Above 20-Day MA	63.2%	59.6%	68.3%	70.3%	72.5%
% Above 50-Day MA	61.6%	60.8%	68.5%	68.3%	70.9%
% Above 200-Day MA	55.7%	53.2%	59.6%	60.0%	61.4%

Participation backed the advance. Advancers beat decliners by 312 to 188, for an advance-decline ratio of 1.66, and advancing volume reached 76.94%. That was a clear improvement from 38.79% advancing volume on November 10. Stocks near 52-week highs increased to 21, while none were 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	7,627.15	106.22	+1.41%
Dow Jones Industrial Average	52,485.89	254.00	+0.49%
Nasdaq Composite	25,521.53	455.66	+1.82%
Russell 2000	2,846.72	25.34	+0.90%

Five-session context:

Index	Nov 5	Nov 6	Nov 9	Nov 10	Nov 11
S&P 500	-4.36%	+0.31%	+2.35%	-0.38%	+1.41%
Dow Jones Industrial Average	-3.44%	-0.46%	+2.15%	-0.30%	+0.49%
Nasdaq Composite	-5.52%	+1.09%	+2.74%	-0.74%	+1.82%
Russell 2000	-4.45%	+0.89%	+3.15%	-0.68%	+0.90%

The rebound also helped repair a choppy five-session stretch. After the S&P 500 fell 4.36% on November 5, it recovered with gains of 0.31%, 2.35%, and 1.41% around a small 0.38% dip on November 10. The Nasdaq showed the same pattern, dropping 5.52% on November 5 before posting gains of 1.09%, 2.74%, and 1.82% over the next sessions, aside from a 0.74% slip on November 10.

Explore the full dashboard: Market snapshot.

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Sector View: Leaders and Laggards

• Leaders: Technology (XLK +3.60%), Energy (XLE +1.46%), Industrials (XLI +1.33%), Communication Services (XLC +0.91%), Financials (XLF +0.53%)
• Laggards: Health Care (XLV -0.16%), Real Estate (XLRE -0.13%), Consumer Discretionary (XLY -0.01%), Utilities (XLU +0.11%), Consumer Staples (XLP +0.16%)

Leadership tilted toward growth and cyclical groups. XLK led with a 3.60% gain, followed by XLE at 1.46% and XLI at 1.33%. At the other end, XLV fell 0.16%, XLRE slipped 0.13%, and XLY was nearly flat at negative 0.01%.

Explore the full dashboard: Sector performance.

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Volatility: VIX and ETF Implied Volatility

Metric	Nov 5	Nov 6	Nov 9	Nov 10	Nov 11
VIX Level	28.18	25.64	19.92	19.46	17.48

• SPY IV: 12.63% (Low)
• QQQ IV: 22.44% (Normal)
• IWM IV: 15.20% (Normal)
• DIA IV: 13.36% (Low)

Risk gauges eased further. The VIX closed at 17.48, down from 19.46 on November 10 and well below the 28.18 reading from November 5. ETF implied volatility also looked contained, with SPY at 12.63% and DIA at 13.36%, both labeled Low, while QQQ at 22.44% and IWM at 15.20% were labeled Normal.

Explore the full dashboard: Volatility.

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Headlines Moving Markets

Recent macro data still frame the backdrop. Third quarter real GDP was reported at a 3.4% annual rate, up from 2.2% in the second quarter. September personal income rose $54.5 billion, or 0.2%, while personal consumption expenditures increased $113.1 billion, or 0.5%. At the same time, recent news flow included hotter inflation concerns, higher mortgage rates, and reports that Fed officials opened the door to a half-point hike, which may explain why the rally came with some caution.

• Personal Income and Outlays, September 2026
• GDP (Advance Estimate), 3rd Quarter 2026
• Federal Reserve issues FOMC statement
• OPEC+ oil output in October nears pre-Iran war rate, led by Saudi Arabia - Reuters
• Mortgage rates jump sharply higher, after easing for four straight weeks. Here’s why
• U.S. International Trade in Goods and Services, September 2026
• U.S. International Transactions and Investment Position, 2nd Quarter 2026
• Wall St ends lower as hot inflation data, Fed comments heighten rate worries - Reuters
• Consumers are showing signs of strain even as they keep spending, CNBC/NRF Retail Monitor shows
• 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
• Poland’s Orlen ends long-term QatarEnergy LNG contract over delivery failure - Reuters

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Technical Snapshot (SPY)

Level	Nov 5	Nov 6	Nov 9	Nov 10	Nov 11
20-day SMA	767.57	765.55	763.39	762.13	760.72
50-day SMA	766.44	765.83	765.15	764.86	764.56
200-day SMA	727.09	727.35	727.61	727.96	728.27

Near-term pivot structure, based on 2026-11-10:

• Resistance: 753.03 (R1), then 756.13 (R2)
• Pivot: 748.98
• Support: 745.88 (S1), then 741.84 (S2)

Market internals remain constructive, though not flawless. As of November 11, 72.51% of stocks were above their 20-day moving average, 70.92% were above the 50-day, and 61.35% were above the 200-day. For SPY, the November 10 pivot sat at 748.98, with resistance at 753.03 and 756.13. The 20-day SMA was 760.72 and the 50-day SMA was 764.56, while the 200-day SMA stood at 728.27. One crosscurrent: included stock whale data showed overall bearish institutional flow, with a buy-sell ratio of 0.9 and net value of negative $7.64 billion.

Explore the full dashboard: Support & Resistance levels.

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What to Watch Next

• Whether the S&P 500 can build on 7627.15 after Wednesday’s rebound.
• Breadth quality, especially if advancing volume stays closer to 76.94% than Tuesday’s 38.79%.
• Technology leadership after XLK jumped 3.60% and the Nasdaq outperformed at 1.82%.
• VIX behavior near 17.48 after the sharp drop from 28.18 on November 5.
• Institutional flow. Included whale-trade data stayed bearish overall, even as price action improved.

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Bottom Line

Wednesday’s session was strong on the surface: higher indexes, firmer breadth, and lower volatility. Even so, the market is still balancing solid participation and tech leadership against a macro backdrop shaped by firmer growth, sticky inflation worries, and still-bearish institutional flow.

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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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