Nasdaq Plunges as Nvidia Turmoil and 5% Treasury Yields Rattle Markets

Wall Street extended losses on Friday, November 13, as the Nasdaq Composite plunged 1.45% to 24,998, driven by turmoil at Nvidia and Treasury yields hitting 5.10%, while the S&P 500 fell 0.82% and the Dow slipped just 0.12%. The sell-off followed Nvidia CEO Jensen Huang's resignation, which triggered a 9.89% drop in AMD and a 5.70% decline in Cisco, as investors rotated from technology into defensive consumer stocks. Gold edged lower to $3,880.40, while real estate shares also suffered steep losses. The 10-year yield's climb above 5% raises financing costs for capital-intensive tech firms, making fixed income more attractive. Nvidia's earnings next week will test demand resilience, while a market recovery depends on stabilizing yields and clearer Federal Reserve policy.