VIX closes at 17.49 after 10.12% drop as Nvidia risk returns
Published on 11/12/2026 at 13:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSVIX outlook before US trading
- The VIX closed at 17.49 on November 11, down 10.12 percent from 19.46.
- Overnight reports about possible leadership changes at Nvidia revived demand for near-term protection, with the November VIX future at 18.850 in Saxo's 08:00 CET snapshot.
- US jobless claims, existing-home sales, Federal Reserve speakers and a 30-year Treasury auction are scheduled risks for Thursday.
The VIX enters Thursday's US session from a lower base but with fresh event risk in view. The index closed at 17.49 on Wednesday, November 11, down 1.97 points, or 10.12 percent, from the previous session's 19.46. The figures are reported on the Cboe VIX page, which describes the index as a measure of near-term volatility expectations derived from S&P 500 options.
Relief rally meets Nvidia risk
Wednesday's US equity session provided a calmer backdrop for volatility. Saxo reported gains of 1.3 percent for the S&P 500, 2.3 percent for the Nasdaq 100 and 0.5 percent for the Dow Jones. The decline in the VIX reflected the reduced demand for immediate downside protection during that session, although it did not remove the broader sensitivity to technology and interest-rate headlines.
That calm was challenged after the close. In its November 12 market note, Saxo reported that Nvidia shares fell around 8 percent in after-hours trading after reports that the board was considering replacing chief executive Jensen Huang. Saxo's snapshot at approximately 08:00 CET showed the VIX at 17.46 and the November VIX future at 18.850, with the futures curve in contango. The futures indication is separate from the official VIX close and should not be combined with it as a single index movement.
Thursday's scheduled volatility tests
The main scheduled US catalysts are weekly initial jobless claims at 13:30 CET, existing-home sales at 15:00 CET and a 30-year Treasury bond auction at 19:00 CET, according to Saxo's calendar. Several Federal Reserve officials are also due to speak. These events may affect both equity-risk appetite and rate expectations, particularly after higher inflation readings and a rise in Treasury yields had already increased market focus on the Federal Reserve's policy path.
For investors, the immediate distinction is between a broad deterioration in risk appetite and a shock concentrated in Nvidia and related technology shares. A sustained move higher in volatility would require confirmation from the wider equity market and rates complex; the overnight VIX-futures premium alone is not an official close or a forecast of the final index level. The next regular US session will therefore test whether the renewed protection demand spreads beyond the company-specific headline.
Further VIX coverage is available on the VIX topic page.
