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BLOCKHAVEN

Mid-Session Intelligence · Thu, Nov 12, 2026 · 12:30 PM ET edition · delayed quotes

Nvidia is down 5.5% after a company release, less than its 8.5% premarket loss

SPY is up 0.1% and QQQ is down 0.05% from Wednesday's close as of 12:31 PM ET. Nvidia is down 5.5% after a company release today about a senior leadership change.

The midday read

SPY was down 0.8% in premarket trading at 8:15 AM ET, when the Morning edition was compiled; measured from Wednesday's close it is 0.9 percentage points higher since then, and QQQ's loss has narrowed from 1.5% to 0.05%. Among the 10 SPDR sector funds, Energy (XLE, +1.9%) and Utilities (XLU, +0.6%) lead and Materials (XLB, −0.4%) and Technology (XLK, −0.4%) lag, a spread of 2.3 percentage points from best to worst. Participation is mixed: 44% of the 225 large companies Blockhaven tracks are higher. Of the 4 conditions the Morning edition named, 3 are being met and 1 is not so far.

Midday tape

DIA is the strongest of the four index funds and IWM the weakest; small caps (IWM) are 0.9 percentage points behind SPY.

Delayed last trades from Nasdaq's public quotes as of 12:31 PM ET; changes are from Wednesday's close.
FundPriceChange vs prior close
SPY, S&P 500 fund$760.72+0.1%
QQQ, Nasdaq-100 fund$690.07−0.05%
IWM, Russell 2000 fund$280.82−0.8%
DIA, Dow Jones fund$526.31+0.4%

Leadership and participation

6 of the 10 SPDR sector funds are higher; best to worst spans 2.3 percentage points.

Leaders: Energy (XLE) +1.9%; Utilities (XLU) +0.6%; Health Care (XLV) +0.4%.

Laggards: Materials (XLB) −0.4%; Technology (XLK) −0.4%; Industrials (XLI) −0.09%.

98 of the 225 large companies Blockhaven tracks are higher and 127 lower; this is Blockhaven's tracked list, not market-wide breadth.

Movers and developments

  • NVDA Nvidia is down 5.5% after a company release today about a senior leadership change. It was down 8.5% in premarket trading at 8:15 AM ET; the loss has narrowed by 3.0 percentage points since then. That is 5.1 percentage points behind the Technology fund (XLK).
  • NBIS Nebius Group is down 17.4%. The company also filed a current report as a foreign private issuer today (Form 6-K). It was down 14.4% in premarket trading at 8:15 AM ET; the loss has widened by 3.0 percentage points since then.
  • SMCI Super Micro Computer is down 12.8%. That is 12.4 percentage points behind XLK.
  • AVGO Broadcom is up 5.1%. That is 5.5 percentage points ahead of XLK.
  • IONQ IonQ is down 7.8%. That is 7.5 percentage points behind XLK.

The Morning's watch list

What the Morning edition (8:15 AM ET) said to watch, checked against the 12:31 PM ET quotes: conditions, not forecasts, settled at the close.

  • Holding so far: Whether QQQ stays behind SPY after the open. QQQ is 0.2 percentage points behind SPY.
  • Holding so far: Whether Nvidia stays below Wednesday's $173.73 close. NVDA is at $164.19, 5.5% below that level.
  • Holding so far: Whether Nebius Group stays below Wednesday's $154.69 close. NBIS is at $127.72, 17.4% below that level.
  • Not holding so far: Whether SPY holds below Wednesday's $759.81 close. SPY is at $760.72, 0.1% above that level.

Scheduled today

Earlier: 10:00 AM ET: Speech: Governor Michael S. Barr (Federal Reserve); scheduled time passed.

Volatility and rates

The VIX was 17.73 at 12:15 PM ET, up 0.24 points on the day, from Cboe's delayed quote.

Treasury publishes one official yield reading a day, after the session; no intraday yield is reported.

For the afternoon

Questions the rest of the session can answer.

  1. Whether SPY closes above Wednesday's $759.81 close: It is up 0.1% at 12:31 PM ET, close to the line.
  2. After the close: Cisco, Applied Materials, Nu Holdings, and Cerebras Systems are listed to report: A public earnings calendar lists them; results after the close bear on the next session.

What this edition cannot establish

  • The session is not over: a midday reading can change by the close, and nothing here is a forecast of it.
  • A move with no company announcement in the sources Blockhaven checks is reported with its context, not explained.

Scheduled observation 12:30 PM ET; quotes through 12:31 PM ET. Prices are delayed last trades from Nasdaq's public quotes, not real-time and not closes. Changes are from Wednesday's close; differences are computed from unrounded changes, so they can differ by 0.1 from the rounded figures shown.

This edition was compiled and published automatically from public sources under Blockhaven's standing editorial policy for intraday editions, at 12:31 PM ET on Thu, Nov 12, 2026, exactly as generated; an editor did not review it individually before release. It describes what has happened and is not a forecast or investment advice.

Sources

  1. Nasdaq, Nasdaq market activity (quotes), accessed 2026-11-12
  2. U.S. Securities and Exchange Commission, SEC EDGAR company filings, accessed 2026-11-12
  3. Board of Governors of the Federal Reserve System, Federal Reserve calendar, accessed 2026-11-12
  4. U.S. Census Bureau, Economic indicators calendar, accessed 2026-11-12
  5. Cboe Global Markets, Cboe delayed quotes, accessed 2026-11-12
  6. Nvidia, Nvidia release, accessed 2026-11-12