Historical replay · SPYB/USD
S&P 500 Token Rose on Soft PPI, Then Fell $14 (Nov 2026)
The tokenised SPDR S&P 500 ETF jumped to $763.19 after a softer October PPI on November 13, 2026, then fell to $748.73 within two hours of the US open. Replay the reversal in hourly steps.
The S&P 500 had closed Thursday, November 12, at 7,592.40, down 0.35% on the day Nvidia's chief executive resigned. On Friday morning the tokenised version of the SPDR S&P 500 ETF on Binance drifted between $756.36 and $760.10 through European trading, waiting for October's producer price index at 13:30 UTC.
The number looked like relief. Producer prices rose 0.3% in October against a 0.4% forecast, and core prices 0.3%, in line, although the annual rate of 6.5% was the highest since November 2022. The 13:00 UTC candle jumped from $759.54 to $763.19 on 1,077 trades, and early reports had the S&P 500 and the Dow up about 0.4% at the open.
It did not last an hour into the session. The 14:00 UTC candle fell from $761.09 to $754.84, and the 15:00 UTC hour reached $748.73 on 2,416 trades, the busiest of the replay, $14.46 or about 1.9% below the post-data high. The 10-year Treasury yield edged up to about 5.14% and technology stocks kept falling as investors weighed Nvidia's leadership change. The S&P 500 closed about 0.4% lower and the Nasdaq Composite about 0.9% lower, while the Dow ended near flat.
The token recovered to $755.28 in the 20:00 UTC hour, then gave it back after the close, ending the day near $750.40. Replay it to see why a better-than-expected data release is not a trade on its own: the first candle reacted to the headline, but the session was decided by what the market was already worried about, rate hikes and the largest company in the index.