Chip stocks drove a strong rebound mid-week, with the Nasdaq rising by more than 4% this week.
PR Newswire
27m ago
Ai Focus
Market commentary on Stock Preachers states that U.S. stocks generally rose during the mid-week, with the Nasdaq Composite Index rising by 2.06% on that day and accumulating a 4.08% increase for the week; the S&P 500 Index rose by 3.38% this week, the Dow Jones Industrial Average by 2.05%, and the Russell 2000 Index by 3.27%. The article also summarizes the latest public updates from companies such as Enbridge, Sunlife, RBC, Eli Lilly, Hims, Hers, and NVIDIA.
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Vancouver, British Columbia, November 11, 2026 / PRNewswire / -- Stock Preachers News reports indicate that the stock market saw a general upward trend during the week, with the NASDAQ Composite Index rising by 2.06% on that day and accumulating a gain of 4.08% for the week, reaching 25,583.42 points; the S&P 500 Index rose by 1.4% on that day and accumulated a gain of 3.38% for the week; the Dow Jones Industrial Average also rose by 2.05% during the same period. The Russell 2000 Index gained 3.27% this week.

Volatility has significantly declined, with VIX falling by 2.10 points compared to last week, and VXN falling by 5.45 points; at the same time, a highly anticipated chip manufacturer has become the focus of attention due to a news event rather than its financial report. Some of the companies with the latest developments in the market this week include: Enbridge ( TSX : ENB ), Sunlife ( TSX : SLF ), RBC ( TSX : RY ), Eli Lilly & Hims & Hers ( NYSE : LLY ) ( NYSE : HIMS ), as well as NVIDIA ( Nasdaq : NVDA ).

The Nasdaq Composite Index closed at 25,583.42 points, slightly below the resistance level of 25,665.43 points on the 18th and 25,802.96 points on the 20th. The support level was at 25,526.46 points. The S&P 500 Index closed at 7,626.55 points, also slightly below the resistance level of 7,638.17 points (which is the 50-day and 90-day EMA and SMA respectively), with a support level of 7,616.78 points. The Dow Jones Industrial Average closed at 52,337.86 points, situated between the support level of 52,240.17 points and the resistance level of 52,446.23 points.

The Russell 2000 index rose 0.81% on the day to 2,844.20 points, with resistance at 2,864.83 points and support at 2,831.04 points. The RSI reading for the main index is roughly in a neutral range, ranging from 46.8 for the Nasdaq to 53.9 for the Russell 2000 index, indicating that there is still room for future trends to develop in either direction. The trading volume of the S&P 500 index exceeded 1.1 billion shares.

In terms of commodities, WTI crude oil rose 1.88% on the day to $87.66 per barrel, up 0.93% this week, and 52.66% since the beginning of the year. Gold fell 0.57% to $4,007.30 per ounce, down 2.61% this week; silver rose 1.92% on the day to $52.08. The yield on 10-year U.S. Treasury bonds rose to 5%, up 14 basis points this week, with VIX closing at 17.82.

The complete report also lists the key support and resistance levels for the major indices and analyzes the market sentiment for the remainder of this week.

Other industry developments in the market this week include:

Enbridge ( TSX : ENB )

Enbridge announced that in the third quarter, the GAAP profit attributable to common shareholders was $1.3 billion, equivalent to $0.59 per share of common stock; in the same period last year, it was $700 million, equivalent to $0.30 per share. After adjustment, the profit was $1.1 billion, equivalent to $0.49 per share; in the same period of 2025, it was $1 billion, equivalent to $0.46 per share. After adjustment, EBITDA increased from $4.3 billion to $4.4 billion.

The company reiterated its financial guidance for the full year of 2026 and its mid-term outlook. In this quarter, it commissioned natural gas transmission projects worth over $3 billion and completed several acquisitions, including the acquisition of the crude oil gathering and transportation business of Salt Creek Midstream for $600 million. It also announced the acquisition of the crude oil business of Tallgrass Energy for $2.6 billion.

President and CEO Greg Ebel stated: "Even though we have already put 3 billion dollars worth of completed projects into operation this quarter, our guaranteed growth project pipeline still amounts to 38 billion dollars. We continue to add new projects to this pipeline this year, which gives us the potential to achieve our goal of announcing new projects worth 10 to 20 billion dollars by 2027."

Sunlife ( TSX : SLF )

Sunlife announced that its basic net profit for the third quarter was 1.146 billion Canadian dollars, an increase of 99 million Canadian dollars compared to the third quarter of 2025, representing a growth of 9%; the basic earnings per share were 2.05 Canadian dollars, a year-on-year increase of 10%. The reported net profit decreased to 785 million Canadian dollars, a reduction of 321 million Canadian dollars, or a decline of 29%; the reported earnings per share were 1.40 Canadian dollars, a decrease of 29%.

The base ROE was 19.0%, higher than the 18.3% of the same period last year; the reported ROE was 13.0%, lower than the 19.3% of the same period last year. The managed asset size increased to C$167.6 billion, an increase of C$53 billion from the third quarter of 2025, representing a growth of 3%. The company also raised the ordinary stock dividend from C$0.96 per share to C$1.00 per share. The LICAT ratio was 142%.

President and CEO Kevin Strain stated: "In the third quarter, Sunlife performed steadily, with growth seen in its stop-loss insurance business in Canada, Asia, and the United States, as well as in GreenOak. Our diversified global strategy has provided sustained momentum for our insurance and wealth management businesses, driven mainly by Canada and Asia, and new sources of growth have also emerged in our asset management business."

RBC ( TSX : RY )

RBC announces an agreement to acquire the Australian active management company Yarra Capital Management Limited. Yarra focuses on fixed income, equity, and alternative investment solutions, was established in 2017, and has offices in Melbourne and Sydney. As of September 30, 2026, Yarra managed assets of approximately 18 billion Australian dollars and employed about 75 people.

The transaction is expected to be completed in the first quarter of 2027 and is not anticipated to have a significant impact on the CET1 rate or annualized profitability of RBC.

Eli Lilly and Hims & Hers (NYSE : LLY) (NYSE : HIMS)

Eli Lilly and Hims & Hers announce an agreement to expand the accessibility of Zepbound ( tirzepatide ) and Foundayo ( orforglipron ) through the Hims & Hers platform. Eligible patients who receive prescriptions from licensed healthcare providers can obtain the medications at out-of-pocket prices, with Foundayo starting at $149 per month and Zepbound starting at $299 per month.

Patients can complete consultations on the platform, and if suitable, they will receive a prescription. The platform will then deliver the medications approved by FDA directly to their homes. Hims & Hers promise not to provide compound generic versions of Eli Lilly's GLP-1 medications.

Lilly's Executive Vice President and Lilly USA, as well as President of Global Customer Capability Ilya Yuffa, stated: "At Lilly, we are always looking for new ways to help more people access the medications they need, which means reaching out to them where they already are." The co-founders and CEO Andrew Dudum said that the two companies are "demonstrating to the entire industry what innovators can achieve for customers around the world when we work together to make the world healthier."

NVIDIA ( Nasdaq : NVDA )

A law firm's notice revealed that NVIDIA's stock price has fallen near its annual low, with its market value evaporating by $500 billion since November 6, 2026 (last Friday). The notice cited allegations involving NVIDIA's relationship with a company named Megaspeed, which is suspected of helping China evade export controls.

According to this notice, on November 10, 2026 (Tuesday), NVIDIA stated that it had hired the law firms of Wachtell, Lipton, Rosen, and Katz to conduct what the company referred to as a "thorough and independent investigation." The Federal Bureau of Investigation (FBI) in the United States is also conducting its own investigation.

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