PR Newswire·Nov 11, 2026, 1:30 PM ET

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

LLY HIMS NVDA

Major indices staged a broad midweek advance with the Nasdaq Composite up 2.06% to 25,583.42, the S&P 500 gaining 1.4% to 7,626.55, the Dow rising 2.05% to 52,337.86, & the Russell 2000 climbing 3.27% for the week.
Volatility decreased significantly as the VIX dropped 2.10 points to 17.82 & the VXN fell 5.45 points.
Enbridge reported Q3 GAAP earnings of $1.3 billion ($0.59/share) & adjusted earnings of $1.1 billion ($0.49/share), while reaffirming 2026 guidance & adding $3 billion in gas transmission projects to service.
Sunlife reported Q3 underlying net income of $1.146 billion ($2.05 EPS), up 9% year-over-year, & raised its quarterly dividend to $1.00 per share despite a decline in reported net income.
RBC agreed to acquire Yarra Capital Management, an Australian firm managing approximately AU$18 billion, with the deal expected to close in Q1 2027.
Eli Lilly & Hims & Hers announced a partnership to expand access to Zepbound & Foundayo via Hims & Hers, offering self-pay pricing starting at $299 & $149 per month respectively.
NVIDIA faces allegations regarding a relationship with Megaspeed suspected of helping China evade export controls, resulting in $500 billion in market value loss & triggering an independent investigation by Wachtell, Lipton & the FBI.
WTI crude rose 1.88% to $87.66 per barrel, gold slipped 0.57% to $4,007.30 per ounce, & silver gained 1.92% to $52.08 per ounce.
The 10-year Treasury yield reached 5%, up 14 basis points for the week, while RSI readings across major indices remained near neutral.

Company: Stock Preachers
Keywords: Stock Preachers