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Equities desk · Evening edition · Wednesday, November 11, 2026

Fossil said its turnaround is running ahead of plan with sales growing again, and the market answered with the day's biggest gain in our table, 26.68%.

Equities desk · auto-generated · written Nov 11, 2026, 4:19 PM EST
S&P 500 and its averagesindex points50-day avg 7,673S&P 500 7,619200-day avg 7,3347,0006,800MayJunJulAugSepOctNovS&P 50050-day200-dayFed hike 25 bpFed hold6-month high 7,819S&P 500 since 2000, log scalePeak to trough, daily closes2,0001,00020002004200620082010201220142016201820202022202420267,619Recession 2020, -34%Recession 2007-09, -57%Recession 2001, -30%2.6% below the record closeSector funds above their averages%80%40%20%MayJulSepNov63.64%Top holdingsTop ten 37.3%WeightAAPL7.86NVDA6.64MSFT6.21AMZN4.02GOOGL2.60AVGO2.33META2.17GOOG2.09LLY1.73BRK.B1.64Corticorp Finance, daily closes, the Cboe S&P 500 history and SPDR holdings files to Nov 11, 2026. Shaded: grey bars: NBER recessions

S&P 500 rose 1.31% on November 11, 2.7 times its typical daily move. The S&P 500 closed at 7,619, below its 50-day average of 7,673 and above its 200-day average of 7,334.

Drawn from the numbers stored with this edition; the same picture is on its share card.

Today's move as a percentile of each instrument's own past daily moves (259 earlier days)Cocoa-5.24%, 7thGold-2.05%, 9thCopper-1.72%, 14thSilver-2.78%, 17thS&P 500-0.38%, 27thConsumer Discretionary+0.03%, 52ndNatural Gas+2.42%, 79thLive Cattle+1.39%, 92ndUS Dollar Index+0.60%, 96thCorn+2.22%, 96th10Y Treasury Yield+2.45%, 99thSoybeans+3.57%, 99thlowest50thhighestShaded: outer tenth. 29 more not shown. 2 not drawn.

On November 11, Soybeans' move of +3.57% was higher than 99% of its 259 earlier daily moves, the most unusual of the 12 instruments shown. Of those, 7 sit in the outer tenth of their own histories.

The picture on the morning edition's share card, drawn from the numbers stored with that edition, written Nov 11, 2026, 9:33 AM EST. The evening edition above replaced it as this day's latest edition.

The bounce widened by the close, but the big chip and AI names are still doing most of the work. The gained 1.31%, while the equal-weight version gained 0.80%, a smaller gap than at the open. Nearly every sector finished higher, with Technology far ahead. Underneath, , and Meta all closed lower, so the megacap group split. The 10-year yield is unchanged since the open, and Technology is still the weakest sector over the month.

Fossil was the biggest winner in the table, and it has a stated reason. The company said its turnaround is ahead of plan and sales are growing again, per CNBC. CoreWeave did not fade, and it extended its open gain after a raised outlook that CNBC said eased AI slowdown worries. Dell, Lumentum, Super Micro, Intel and AMD all beat the Technology sector's own gain. Our sector-move lines explain only part of that, and nothing in our headlines explains the rest.

Don't lean on the chip bounce yet. Dell, Intel and Lumentum are each still down more than a third on the month, so one session repairs only a little. Meta and flipped from gains at the open to losses. The only Meta headline here says its infrastructure head will leave in 2027, with no stated link to the stock. is estimated to report November 25, a date inferred from filings. A wider equal-weight gain would show the rebound spreading.

Movers
  • Fossil jumped 26.68%, after saying its turnaround is ahead of plan and sales returned to growth.
  • CoreWeave climbed 24.71%, after raising its outlook and easing worries about AI infrastructure demand, CNBC reported.
  • Dell rose 11.77%, riding a Technology sector up 3.23%, with nothing here explaining the rest.
Concentration
  • The equal-weight rose 0.80% against 1.31% for the cap-weighted index, so large names still lead.
  • Fourteen of 18 tracked names rose, but the roster leans on movers, so its 4.83% median overstates breadth.
  • The gained 0.88% against 1.60% for the Nasdaq, so large growth still beat small caps.
Earnings
  • is estimated to report November 25, inferred from its filing history rather than announced.
  • CoreWeave reported after the November 10 close, and its shares rose 24.71% in the session since.
  • Fossil's turnaround update was dated November 10, and shares rose 26.68% next session. No results are held here.
Positioning
  • Renaissance lifted Meta to 2,023,153 shares, per its June 30 13F filed August 13.
  • Pershing Square opened a position of 5,654,078 shares, per its March 31 13F filed May 15.
  • Iridium trades 13.05% below Rocket Lab's agreed consideration, with antitrust review pending and about 230 days to close.
Stance
  • Leadership is split, with , and up while , and Meta fell, so the index gain is fragile.
  • Fossil and CoreWeave moved on company news, while Dell, Intel and Lumentum mostly moved with the sector.
  • The chip rebounds sit inside month-long drawdowns, so one session proves little.
Fossil Group, Inc. (FOSL)+26.7%
Oct 15about 4 weeksNov 11

Fossil's jump follows its turnaround update and lifts a stock already climbing since November 4.

CoreWeave, Inc. (CRWV)+24.7%
Oct 15about 4 weeksNov 11

CoreWeave recovered most of its early-November slide in one session after its raised outlook.

Dell Technologies Inc. (DELL)+11.8%
Oct 15about 4 weeksNov 11

Dell's one-day bounce retraces only part of a slide that began in late October.

The numbers behind it

Market participation

50%

4 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.

+11.75%
DELL 373.68
Moved with XLK +3.23%

Moved 11.8%, at or above the 3% floor for this strip

+10.67%
LITE 648.06
Moved with XLK +3.23%

Moved 10.7%, at or above the 3% floor for this strip

+9.50%
SMCI 30.43
Moved with XLK +3.23%

Moved 9.5%, at or above the 3% floor for this strip

+7.52%
INTC 62.5
Moved with XLK +3.23%

Moved 7.5%, at or above the 3% floor for this strip

Every move here is measured between two stored daily closes, so the reading belongs to a session rather than to a time of day. This block is cut at the 2026-11-11 session. Anything named as a driver comes from a stored series and never from a headline.

  • Nasdaq Composite25,466.19+1.60%
  • Dow Jones52,486.49+0.49%
  • Russell 20002,846.26+0.88%
  • Sentiment composite32+13.08%
  • VIX17.52-9.97%
  • Above their 50-day4 of 850%
  • Lumentum648.06+10.67%Moved with XLK +3.23%
  • Super Micro Computer30.43+9.50%Moved with XLK +3.23%
  • Hims & Hers Health20.81+8.78%CATALYST FOUND
  • Intel62.50+7.52%Moved with XLK +3.23%
  • S&P 5007,619.38+1.31%
  • Fossil9.97+26.68%CATALYST FOUND

Across the session

  1. This compares two readings and is not a contribution from any company. The cap-weighted index ran ahead of the equal-weight fund.
  2. Participation reads 4 of 8 tracked indices above their 50-day average (50%), up from 3 of 8 last session. Half the tracked set is still not above its average, so the broad rise sits beside only partial breadth.
  3. Their stored cause is the sector move, so these are sector readings rather than company-specific ones.

Go deeper

The Equities desk's own dashboard: what was underneath the day's equity move. Open it

The desk voices are written by AI, not by human reporters. Every figure is taken from the listed market, sensor and headline data, and an automated check flags any figure or quoted source that is not.