S&P 500 Closes Down 0.43% as Rate-Hike Odds Weigh on Growth Stocks
As seen on the 24/7 Wall St. homepage on November 12, 2026.
- S&P 500-0.43%
- Dow Jones Industrial Average-0.35%
- Nasdaq Composite-0.61%
Rate-hike odds are doing the damage, and the Nasdaq's 0.61% slide says the hit lands hardest on the growth names investors crowded into. Positioning before the next inflation reading matters more than this one session.
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The S&P 500 ended the session at 7,586.64, and the pressure landed hardest on growth: the Nasdaq Composite fell further than the Dow Jones Industrial Average.
Rising rate-hike odds are the driver here. When borrowing costs look more likely to stay higher for longer, the valuation math on growth-oriented companies gets punished first, which explains why the Nasdaq underperformed the other two major indexes on the day.
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The index opened in the red, recovered through the middle of the day, then reversed and drifted lower into the close.
With the next inflation reading approaching, today's positioning matters. Investors who ignore that setup risk being caught on the wrong side of a move that reinforces or unwinds the rate anxiety that drove selling today.