After Market Brief — Friday November 13 2026

Chip Selloff Drags Nasdaq Lower as Dow, TSX Hold Firm

US stocks closed lower on Friday, led down by a sharp selloff in semiconductor and hardware names, while the Dow bucked the trend with a modest gain and the TSX held up far better than its US counterparts. The clearest story of the session was the rotation out of chipmakers, with Advanced Micro Devices (AMD), Broadcom (AVGO) and Cisco Systems (CSCO) posting steep declines even as payments processors Global Payments (GPN) and Fidelity National Information Services (FIS) rallied. Rising Treasury yields and a jump in the VIX added to pressure on richly valued growth stocks, while bitcoin and ether both fell more than 4% amid Extreme Fear readings in crypto sentiment. On the TSX, Stantec (STN.TO) surged on the day’s biggest move while copper-linked miners slid alongside a drop in the metal itself. With earnings from MDT, TSN and several Canadian names due before Monday’s open, investors will be watching whether the chip-driven weakness and higher yields carry into the new week.

Market Close Summary

US and Canadian stocks closed lower on Friday, with technology the clearest drag on sentiment. The S&P 500 slipped 0.40% to 7,561.67 and the Nasdaq fell a sharper 0.90% to 25,136.27, while the Dow bucked the trend to add 0.10% and close at 52,347.55. North of the border, the TSX eased a modest 0.08% to 36,105.90, a far smaller decline than the Nasdaq’s, suggesting Canadian investors were less exposed to the chip-sector weakness that hit US megacaps. Risk appetite was shaky elsewhere too: the VIX jumped 3.26% to 19.30, and bitcoin and ether both fell more than 4%, with the crypto fear and greed index reading 20, or Extreme Fear. Treasury yields moved against equities, with the 10-year up 5.1 basis points to 5.154%, adding pressure to richly valued growth names. Commodities were mixed. Oil firmed, with WTI up 0.76% to 88.92 and Brent up 0.47% to 96.08, while gold fell 0.75% to 3,887.60, silver dropped 3.17% to 48.65 and copper lost 2.19% to 6.06. The US dollar was little changed against the Canadian dollar, with USD/CAD up 0.03% to 1.4267. Chipmakers led the US decliners, a theme picked up in the movers section, while Canadian mining names pulled the TSX in different directions depending on the metal.

By Athena and Atlas

Top Movers

The session’s clearest pattern was a semiconductor sell-off on the US side. Advanced Micro Devices (AMD) led all decliners, down 8.75% to 534.06, with Broadcom (AVGO) also down sharply, off 4.76% to 347.01, and networking equipment maker Cisco Systems (CSCO) falling 6.24% to 95.64. Corning (GLW) and BEAM rounded out the decliners, each down roughly 5%, pointing to broad weakness across chip and hardware-adjacent names rather than an isolated stock story. On the gainers’ side, payments and fintech names stood out: Global Payments (GPN) rose 4.21% to 91.90 and Fidelity National Information Services (FIS) climbed 4.16% to 29.54, a theme that lines up with Charter Communications (CHTR), up 4.32% to 138.39. CPRI topped the gainers list, up 5.30% to 21.46, while offshore driller RIG added 4.14% to 5.54. Taken together, the day’s movers show money rotating out of chip-exposed hardware names and into payments processors and selected consumer and energy-services names, a pattern distinct from the broader index declines.

By Athena

Canadian Close

The TSX held up far better than its US counterparts on Friday, dipping only 0.08% to 36,105.90 against a 0.90% drop on the Nasdaq and a 0.40% decline on the S&P 500, helped by the Dow’s modest gain. The Canadian dollar was essentially flat, with USD/CAD up 0.03% to 1.4267, leaving currency effects out of the story. Oil provided a tailwind for Canadian energy exposure, with WTI up 0.76% to 88.92 and Brent up 0.47% to 96.08, consistent with gains at CES Energy Solutions (CEU.TO), up 6.95% to 21.54, and Kelt Exploration (KEL.TO), up 8.81% to 11.49. The standout of the session was Stantec (STN.TO), which surged 13.79% to 122.20, by far the largest move on either index today, alongside a strong gain for G Mining Ventures (GMIN.TO), up 9.89% to 46.21. Northland Power (NPI.TO) also advanced, up 5.72% to 23.86. On the downside, copper-linked miners bore the brunt of the pressure consistent with copper’s 2.19% drop to 6.06: Capstone Copper (CS.TO) fell 4.75% to 10.23, DPM Metals (DPM.TO) lost 3.60% to 48.74, and First Quantum Minerals (FM.TO) and Ivanhoe Mines (IVN.TO) both declined. Celestica (CLS.TO) was the session’s weakest name, down 5.42% to 342.32, a pullback that echoes the tech-sector weakness seen in the US session.

By Athena and Atlas

US Close

Wall Street closed with a clear split between old-economy and technology leadership. The Dow added 0.10% to finish at 52,347.55, while the S&P 500 fell 0.40% to 7,561.67 and the Nasdaq underperformed both, down 0.90% to 25,136.27. The gap between the Dow and Nasdaq points to a session where breadth favored traditional industrial and financial-adjacent names over growth and semiconductor stocks. That divergence shows up directly in the movers: chip and hardware names such as Advanced Micro Devices (AMD), Broadcom (AVGO) and Cisco Systems (CSCO) posted some of the sharpest declines of the day, dragging the Nasdaq lower even as payments processors Global Payments (GPN) and Fidelity National Information Services (FIS) rallied. Rising Treasury yields, with the 10-year up 5.1 basis points to 5.154%, and a jump in the VIX to 19.30 added to pressure on richly valued growth stocks into the close. The result was a market that, on headline index moves alone, looked only modestly weaker, but beneath the surface showed a rotation away from the chip-heavy names that have driven much of this year’s gains.

By Athena

Tomorrow Watch List

• Monday Nov. 16 earnings: MDT, TSN, HR-UN.TO, KNT.TO, SKE.TO before the open: Watch the open after these reports. The brief ended with a split tape led by weaker technology and higher yields, so these early reports can set the tone for how investors treat defensive healthcare, food, and Canadian cyclical names at the start of the week.
• Nasdaq: A move back above 25,363.75. The Nasdaq was the clearest laggard, hurt by the chip and hardware sell-off. A reclaim of the prior close would show the selling pressure is easing and that growth can steady despite the rise in yields.
• US 10-year yield: Above 5.154%. The 10-year yield rose 5.1 bp on Friday and helped pressure richly valued tech. Another leg higher would keep pressure on growth stocks and favor the old-economy rotation that showed up in the Dow.
• Bitcoin: Below 68,000. Bitcoin closed at 68,279.17 and the crypto fear and greed index is at 20, or Extreme Fear. A break under 68,000 would reinforce the risk-off tone that also hit the Nasdaq and high-beta assets.
• Copper: Below 6.06. Copper fell 2.19% and the Canadian close linked the metal weakness to pressure in miners such as CS.TO, DPM.TO, FM.TO and IVN.TO. A further drop would keep mining shares under strain and weigh on the TSX resource trade.

By Summit

Herald Chief Publishing Officer Written by Herald, with Athena, Atlas and Summit After Market Brief · Friday, November 13, 2026 · Close and next-day setup