Stock Market Live November 13: S&P 500 (SPY) Little Changed as the Government Reopens

Futures are flat this morning.

At the moment, the S&P 500 is up about a point. The SPDR S&P 500 ETF (SPY) is down fractionally. The Dow is up about 27 points, with the NASDAQ fighting to stay green.

That’s even as the U.S. government finally reopens after 43 days.

The measure, now signed into law by President Trump, will fund the government through the end of January. The House voted 222 to 209 to finally reopen the government, returning to some sort of sanity.

While it’s a temporary band-aid, we’ll at least get a break from consistently hearing about it.

Cisco Jumping on Earnings Beat and Strong Guidance 

Shares of Cisco (NASDAQ: CSCO) are up about $4.90 in premarket after the tech giant beat earnings, raised guidance, and saw $1.3 billion in AI orders.

EPS of $1 was two cents better than estimates. Revenue of $14.88 billion was above estimates of $14.77 billion. Cisco said that AI infrastructure orders from “hyperscaler customers” reached $1.3 billion, “reflecting a significant acceleration in growth,” added CNBC.

“Our relevance in AI continues to build,” CFO Mark Patterson said in the press release. “We have a multi-year, multi-billion-dollar campus refresh opportunity starting to ramp, with strong demand for our refreshed networking products.”

Moving forward, Cisco expects Q2 revenue to range from $15 billion to $15.2 billion, which is above expectations for $14.6 billion. Adjusted EPS of $1.01 to $1.03 is expected, which tops estimates for 99 cents. For the full year, Cisco sees revenues ranging from $60.2 billion to $61 billion, which is above expectations for $59.7 billion. EPS is expected to range from $4.08 TO $4.14, which is also above estimates of $4.04.

Gold Prices are Soaring Again 

Now back to $4,230, gold could test higher highs.

Wells Fargo, for example, expects gold to rally to between $4,500 and $4,700 by the end of next year. The firm noted that gold remains a hedge against U.S. debt, inflation, and geopolitical tensions, with consistently strong central bank and investor demand fueling upside in addition to interest rate cuts from the Federal Reserve.

In addition, Morgan Stanley says central bank demand and lingering uncertainties could send gold to $4,500 by mid-2026. JPMorgan says gold could rally to $5,055 by the fourth quarter of 2026. Goldman Sachs believes gold could rally to $4,044 by the first quarter of 2026, and possibly to a high of $5,055 by late next year.