S&P 500 down 0.40% — Market Pulse · Nov 13, 2026

U.S. equities ended mixed on November 13. The S&P 500 closed at 7561.67, down 30.73 points, or 0.4%, while the Nasdaq Composite fell 229.82 points, or 0.91%, to 25136.27. The Dow Jones Industrial Average bucked the trend, rising 50.46 points, or 0.1%, to 52347.55. The Russell 2000 slipped 0.31% to 2790.49.

Key Takeaways

• S&P 500 closed down 0.40% at 7,561.67.
• Market breadth finished with 315 advancers, 185 decliners, and a 1.703 advance/decline ratio.
• Consumer Staples led sectors at +1.42%, while Technology lagged at -2.01%.
• VIX ended at 19.30 in the latest five-session lookback.
• SPY’s first resistance is 762.20 and first support is 752.93.

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Market Breadth: Breadth improved, but tech weakness kept the S&P 500 and Nasdaq on the defensive

Metric	Nov 9	Nov 10	Nov 11	Nov 12	Nov 13
Advance/Decline Ratio	5.250	1.012	1.976	0.332	1.703
Advances	420	250	332	125	315
Declines	80	247	168	376	185
Advancing Volume	74.0%	39.1%	76.3%	22.0%	43.7%
Stocks Near 52-Week Highs	15	18	20	10	15
Stocks Near 52-Week Lows	0	0	1	1	1
% Above 20-Day MA	68.2%	70.2%	72.4%	66.4%	67.0%
% Above 50-Day MA	68.4%	68.2%	71.0%	69.6%	70.6%
% Above 200-Day MA	59.2%	59.8%	60.4%	58.5%	60.4%

Under the surface, participation improved from the prior session. Advancers led decliners 315 to 185, for an advance decline ratio of 1.703, after Thursday’s much weaker 125 to 376 reading. Even so, advancing volume was only 43.67%, which suggests buying was broader than it was forceful. Trend participation still looked constructive, with 67% of stocks above their 20 day moving average, 70.58% above the 50 day, and 60.44% above the 200 day.

Explore the full dashboard: Market breadth.

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Market Performance: Major Indexes

Index	Close	Change	% Change
S&P 500	7,561.67	-30.73	-0.40%
Dow Jones Industrial Average	52,347.55	50.46	+0.10%
Nasdaq Composite	25,136.27	-229.82	-0.91%
Russell 2000	2,790.49	-8.57	-0.31%

Five-session context:

Index	Nov 9	Nov 10	Nov 11	Nov 12	Nov 13
S&P 500	+2.35%	-0.38%	+1.31%	-0.35%	-0.40%
Dow Jones Industrial Average	+2.15%	-0.30%	+0.49%	-0.36%	+0.10%
Nasdaq Composite	+2.74%	-0.74%	+1.60%	-0.39%	-0.91%
Russell 2000	+3.15%	-0.68%	+0.88%	-1.66%	-0.31%

The one day index picture was uneven, with the Dow finishing higher while the S&P 500, Nasdaq, and Russell 2000 closed lower. Over the last five sessions, the backdrop still looks firmer than Friday alone suggests. The S&P 500 moved from 7549.94 on November 9 to 7561.67 on November 13, the Dow from 52389.75 to 52347.55, the Nasdaq from 25253.14 to 25136.27, and the Russell 2000 from 2840.81 to 2790.49.

Explore the full dashboard: Market snapshot.

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Sector View: Leaders and Laggards

• Leaders: Consumer Staples (XLP +1.42%), Communication Services (XLC +1.05%), Energy (XLE +0.98%), Financials (XLF +0.81%), Health Care (XLV +0.54%)
• Laggards: Technology (XLK -2.01%), Consumer Discretionary (XLY -0.40%), Industrials (XLI -0.39%), Materials (XLB -0.21%), Real Estate (XLRE +0.02%)

Sector leadership rotated defensive. Consumer Staples led at 92.35, up 1.42%, followed by Communication Services at 108.69, up 1.05%, and Energy at 64.96, up 0.98%. Financials gained 0.81% and Health Care added 0.54%. The clear weak spot was Technology, with XLK falling 2.01% to 170.28. Consumer Discretionary slipped 0.4% and Industrials fell 0.39%.

Explore the full dashboard: Sector performance.

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Volatility: VIX and ETF Implied Volatility

Metric	Nov 9	Nov 10	Nov 11	Nov 12	Nov 13
VIX Level	19.92	19.46	17.49	18.70	19.30

• SPY IV: 15.18% (Normal)
• QQQ IV: 27.54% (Elevated)
• IWM IV: 17.52% (Normal)
• DIA IV: 14.48% (Low)

Volatility firmed for a second straight session. The VIX closed at 19.3, up from 18.7 on November 12 and 17.49 on November 11. In options markets, implied volatility was mixed by major ETF: SPY averaged 15.18%, tagged Normal, QQQ averaged 27.54%, tagged Elevated, IWM averaged 17.52%, tagged Normal, and DIA averaged 14.48%, tagged Low.

Explore the full dashboard: Volatility.

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Headlines Moving Markets

The catalyst backdrop stayed busy. The Federal Reserve and other agencies extended the comment period for proposed third party risk management guidance. Recent BEA releases also kept growth in focus, including third quarter GDP at a 3.4% annual rate, September personal income up 0.2% with PCE up 0.5%, and a September trade deficit of $105.0 billion, down from $105.7 billion in August. The runtime package also flags an official release today tied to CPI.

• Agencies extend comment period for proposed third-party risk management guidance
• U.S. International Trade in Goods and Services, September 2026
• Federal Reserve Board announces pricing, effective January 1, 2027, for payment services the Federal Reserve Banks provide to banks and credit unions, and changes to streamline and adjust their check services
• Federal Reserve announces revised tentative schedule of Federal Open Market Committee meetings in 2027
• Personal Income and Outlays, September 2026
• GDP (Advance Estimate), 3rd Quarter 2026
• Personal Income and Outlays, July 2026
• Personal Income and Outlays, June 2026
• Personal Income and Outlays, May 2026
• Personal Income and Outlays, April 2026
• Federal Reserve Board issues enforcement action with former employee of United Community Bank
• Iran’s IRGC says two tankers hit sea mines in Hormuz - Reuters

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Technical Snapshot (SPY)

Level	Nov 9	Nov 10	Nov 11	Nov 12	Nov 13
20-day SMA	763.39	762.13	760.72	760.23	759.50
50-day SMA	765.15	764.86	764.56	764.56	764.44
200-day SMA	727.61	727.96	728.27	728.62	728.95

Near-term pivot structure, based on 2026-11-12:

• Resistance: 762.20 (R1), then 767.24 (R2)
• Pivot: 757.97
• Support: 752.93 (S1), then 748.69 (S2)

SPY technical levels suggest the market is trading around an important near term area. Traditional pivot support sits at 752.93, with the main pivot at 757.97 and resistance at 762.2. Fibonacci support comes in at 754.43 and 752.24. On moving averages, SPY’s 20 day SMA is 759.5 and its 50 day SMA is 764.44, both above current levels, while the 200 day SMA at 728.95 remains well below price. That leaves a mixed short term setup inside a still positive longer trend.

Explore the full dashboard: Support & Resistance levels.

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What to Watch Next

• Watch whether the S&P 500 can reclaim the 757.97 SPY pivot and hold above the 20 day SMA at 759.5.
• Breadth follow-through matters after the advance decline ratio rebounded to 1.703, but advancing volume remained just 43.67%.
• QQQ implied volatility at 27.54% versus SPY at 15.18%. That gap is worth tracking if tech stays under pressure.
• Small caps remain soft. The Russell 2000 has fallen from 2846.26 on November 11 to 2790.49.
• Any market reaction to the flagged CPI release and whether VIX holds near 19.3 or pushes higher.

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Bottom Line

Friday looked more like a rotation day than a broad breakdown. Breadth improved meaningfully from Thursday’s weak showing, but the 2.01% drop in XLK was enough to weigh on the S&P 500 and Nasdaq. For now, mixed index performance, firmer volatility, and support levels near the SPY pivot leave the market in a watchful, short term balancing phase.

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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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