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Market Anatomy, Tuesday, November 10, 2026

Published Nov 10, 2026, 4:21 PM ET

Market Anatomy, Tuesday, November 10, 2026

On November 10, 3 of the 8 tracked indices were above their 50-day average. Iren fell 7.8%, Moderna fell 6.8%, NVIDIA Corporation fell 5.5% and Lucid rose 4.7%, the biggest moves with a cause on record.

Market Anatomy as drawn for the share card of Tuesday, November 10, 2026. The same picture is on its share card.

Today's standout, the names around it and how it sits against the market. Tap a name, a sector or an index to move.

Today's relationship

Moderna

Moderna made the largest move with a cause on record.

Moderna

MRNA · close 250.83

0.15%
-6.75%1d
Moderna, stored closes
  • Moderna+319.4%

Stored daily closes.

Nearest connections

Stored cause

2026-11-06: Moderna raises 2026 revenue growth outlook as newer vaccines gain traction

Index membership

In the S&P 500 (holdings file dated 2026-11-09): weight 0.15%, rank 115 of 503.

Sector

Health Care. From the S&P 500 holdings file dated 2026-11-09. The Health Care fund moved +0.29%, 4 of 11 sectors.

Movers in the same sector

Same sector, same session, not a measured link.

Against the market

Moderna moved -6.75% on the session, 6.37 points behind the S&P 500.

Its sector

Largest Health Care names in the S&P 500, file dated 2026-11-09

  • ABBVAbbvieweight only0.80% of the S&P 500
  • MRKMerck &weight only0.56% of the S&P 500
  • UNHUnitedhealthweight only0.55% of the S&P 500
  • TMOThermo Fisher Scientificweight only0.41% of the S&P 500
  • AMGNAmgenweight only0.39% of the S&P 500
  • GILDGilead Sciencesweight only0.32% of the S&P 500

Indices

Weights, ranks and sectors come from the stored holdings files: S&P 500 (dated 2026-11-09), Dow 30 (dated 2026-11-09), S&P MidCap 400 (dated 2026-11-09), S&P SmallCap 600 (dated 2026-11-09). A sector taken from the SEC SIC code is mapped by us and says so beside it.

The day's board

Market participation

38%

3 of 8 tracked indices above their 50-day average

Counted over ^GSPC, ^IXIC, ^DJI, ^RUT, ^FTSE, ^N225, ^GDAXI, 000001.SS. This is a reading across whole market indices, not a count of the companies inside any one of them.

Today's movers

Sectors, one session

Each bar is scaled against the widest move of the day. Tap a sector to see its largest names.

Key takeaways

  1. 1

    The S&P 500 fell 0.38% while the equal weight fund (RSP) slipped only 0.03%, so the cap-weighted index lagged the equal-weight fund by 0.35 points. That gap is a comparison of two readings, not a contribution from any company.

  2. 2

    Technology (XLK) fell 1.15% while 10 of 11 sector funds sat between -0.17% and +0.52%. The weakness was concentrated in one sector, and the Nasdaq Composite, down 0.74%, was the weakest of the four headline and comparison indices.

  3. 3

    NVIDIA fell 5.47% against a Technology fund down 1.15%, so it moved 4.32 points more than its sector. Its stored cause is the probe of its CEO, which makes this a company-specific reading and not just a sector move.

  4. 4

    Only 3 of 8 tracked indices sit above their 50-day average (38%), up from 1 of 8 the prior session. Participation is still below half the tracked set, so the modest index decline sits beside narrow breadth.

The full day: index block, sentiment, every mover and the open questions
7,520.93 -0.38%1d

Capitalisation weighted, so a move in the largest companies moves it more than a move in the smallest.

the last 40 stored closes, scaled to their own range
25,065.88 -0.74%1d

Every Nasdaq listing, weighted by capitalisation and heavy in technology.

52,231.89 -0.30%1d

Thirty names weighted by price rather than by capitalisation, so it can disagree with the S&P for arithmetic reasons alone.

2,821.38 -0.68%1d

Small capitalisation names. Read against the S&P, it is the size half of how broad a day was.

220.88 -0.03%1d

The same five hundred companies weighted equally, so the largest names count no more than the smallest. Read against the cap-weighted index, the gap is how much of the day belonged to the biggest companies.

Cap weight against equal weight-0.35pp

The equal-weighted index outran the cap-weighted one, so the session was broader than the headline index makes it look.

Sentiment

Sentiment composite
30 +0.34%1d

This system's own composite of up to seven stored inputs, 0 (extreme fear) to 100 (extreme greed), computed after each close; not CNN's index (work item #699). Context for whether sentiment confirms the tape or contradicts it.

19.59 -1.66%1d

Expected thirty day volatility from S&P 500 options. Rising with the index is the contradiction worth seeing.

Open questions

  • What is driving Luckin Coffee?+5.80%
    Read for this move: the stored stories naming Luckin Coffee, its filings and corporate actions, over the 7 days to 2026-11-10.

Built in code from the movers whose evidence did not resolve, so no written summary can shorten this list.

Today's key movers

+5.80%
LKNCY 36.85
5.8 pts ahead of XLY

Read for this move: the stored stories naming Luckin Coffee, its filings and corporate actions, over the 7 days to 2026-11-10.

Moved 5.8%, at or above the 3% floor for this strip

-5.37%
LEN 86.66
Within its usual range

Moved 5.4%, at or above the 3% floor for this strip

+4.41%
CVS 89.01
Within its usual range

Moved 4.4%, at or above the 3% floor for this strip