The Nasdaq has recovered all of the ground it lost in a sharp selloff the previous Thursday, as traders bought the dip and reassessed how much risk remains tied to artificial-intelligence stocks.
A fragile recovery
The bounce comes despite a backdrop that looks far from friendly. Treasury yields have climbed. The dollar has strengthened. Fed bets have turned more hawkish, a shift traders trace to remarks from Fed governor Waller alongside hotter-than-expected US CPI data, which together prompted a significant repricing of rate expectations.
Those are not the ingredients normally associated with a durable equity rally, which is why the advance is being described as a possible suckers’ rally rather than the start of something more lasting. A US PPI report was due the same day, though it is not expected to shift the picture much.
Iran and the Fed loom large
Geopolitics added another layer. Trump said the day before publication that the US does not need a deal with Iran, a remark that keeps the Iran conflict as a live risk for markets already wary of further shocks.
On the charts, the Nasdaq, tracked via the US100 CFD, is approaching a key resistance zone near 28,800 on the daily chart. The outlook from here is neutral to bearish.
Separately, the Nasdaq Composite closed at 25,136.27 points on 13 November 2026, down 0.91% from the prior close, by MacroHerald’s own measurement. The federal funds rate stood at 3.88% as of 12 November 2026.
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Data: Nasdaq · FRED — St. Louis Fed
