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IVV −0.41% today · Analysis updated Nov 13, 2026, 6:30 PM ET
Why is iShares Core S&P 500 ETF (IVV) stock down today?
IVV closed at 757.65 on Nov 13, about 2.3% below the Oct 28 close of 775.65 and 2.9% above the Nov 5 low of 736.21. The Nov 5 selloff came on 15.3M shares, the highest volume in the window. Price then rebounded to 763.08 on Nov 11 and held in a 757-763 close range through Nov 13, with an intraday low of 751.22 on Nov 13. Volume rose to 8.3M on Nov 12, the largest since Nov 5, then fell to 3.3M on Nov 13, which suggests selling pressure has eased without a clear new trend. The only relevant news in the 14-day window is a Nov 7 Benzinga report citing rising rate hike odds on prediction markets and spreading AI fears. No newer news appeared after Nov 7, and the Nov 4 item is general commentary. ETFs file no company-level SEC reports, so there is no filing data. The evidence is thin, the recovery is real but partial, and the rate and AI risks named in the Nov 7 report remain unresolved.
News behind the analysis
- S&P 500 Faces Double Top Risk as Rate Hike Bets Build and AI Fears SpreadBenzinga reports that rate hike odds on Polymarket and Kalshi have jumped as AI fears keep spreading, which it frames as double-top risk for the S&P 500. These are prediction-market odds, not confirmed Federal Reserve policy.
- Overnight Trading On The S&P 500: Returns And Drawdowns In SPYBenzinga's general commentary compares overnight and regular-hours trading in SPY. It is not tied to a specific event in the current window.
About iShares Core S&P 500 ETF
The iShares Core S&P 500 ETF is BlackRock's fund that tracks the S&P 500, which holds about 500 of the largest US companies. It launched in 2000, manages roughly $870–890 billion in assets, making it one of the largest ETFs in the world, and charges a very low fee of about 0.03% a year.
How the fund works
The fund owns all the stocks in the S&P 500 Index, weighted by market value (bigger companies make up a bigger share), and it is rebalanced quarterly. Its largest holdings are big tech names: Nvidia (about 7.5%), Apple (about 7.5%), Microsoft (about 6%), Amazon and Alphabet, so a handful of companies make up a large slice of the fund. It pays dividends every quarter (yield roughly 1%), and it doesn't use leverage. Unlike SPY, it is set up as a standard 1940 Act fund, which allows it to reinvest dividends inside the fund before paying them out. The main risks are broad US stock-market declines and the heavy weighting toward large tech stocks.
What usually moves IVV
- Overall US stock market direction
- Mega-cap tech and AI-related earnings
- Federal Reserve interest-rate policy
- US economic growth and corporate profits
- Investor risk appetite and fund flows