Nasdaq Jumps Over 4% This Week as Chip Names Drive a Sharp Midweek Rally

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VANCOUVER, BC, Nov. 11, 2026 /PRNewswire/ -- Stock Preachers News Commentary - Stocks staged a broad midweek advance, with the Nasdaq Composite climbing 2.06% on the session and…

VANCOUVER, BC, Nov. 11, 2026 /PRNewswire/ -- Stock Preachers News Commentary - Stocks staged a broad midweek advance, with the Nasdaq Composite climbing 2.06% on the session and 4.08% for the week to 25,583.42, while the S&P 500 added 1.4% on the day for a 3.38% weekly gain and the Dow rose 2.05% over the same stretch. The Russell 2000 gained 3.27% for the week. Volatility eased sharply, with the VIX down 2.10 points and the VXN down 5.45 points from last week, even as one closely watched chipmaker found itself sidelined by headlines rather than earnings.

The Nasdaq Composite closed at 25,583.42, just below its 18-day EMA resistance near 25,665.43 and its 20-day SMA resistance at 25,802.96, while support sits at 25,526.46. The S&P 500 ended at 7,626.55, a whisker under resistance at 7,638.17 (50-day EMA and 90-day SMA) with support at 7,616.78. The Dow closed at 52,337.86, between support at 52,240.17 and resistance at 52,446.23.

The Russell 2000 added 0.81% on the day to 2,844.20, with resistance at 2,864.83 and support at 2,831.04. RSI readings across the major indices hover near neutral, from 46.8 on the Nasdaq to 53.9 on the Russell 2000, suggesting room to run in either direction. Volume on the S&P 500 topped 1.1 billion shares.

In commodities, WTI crude rose 1.88% on the day to $87.66 a barrel, up 0.93% for the week and up 52.66% year to date. Gold slipped 0.57% to $4,007.30 an ounce, down 2.61% for the week, while silver gained 1.92% on the day to $52.08. The 10-year Treasury yield reached 5%, up 14 basis points for the week, and the VIX closed at 17.82.

The full report also ladders out key support and resistance levels for every major index and surveys sentiment heading into the rest of the week.

CONTINUED... Read this and more news for Enbridge (TSX: ENB), Sunlife (TSX: SLF), RBC (TSX: RY), Lilly and Hims & Hers (NYSE: LLY) (NYSE: HIMS), and NVIDIA Corporation (Nasdaq: NVDA) at…

In other industry developments and happenings in the market this week include:

Enbridg…

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