This Week on Wall Street
Your weekly cheat sheet — what's moving markets, what's coming up, and what it means for your portfolio. No jargon, just clarity.
This Week in Markets
Wall Street gave back some of the week's sharp gains Thursday after Nvidia stunned investors with the abrupt resignation of CEO Jensen Huang, naming CFO Colette Kress interim chief — the S&P 500 slipped 0.35% to 7,592.40, the Nasdaq Composite fell 0.39% to 25,366.09, and the Dow Jones dropped 0.36% (189 points) to 52,297.09. Nvidia itself tumbled as much as 14% intraday before closing down 4.3%, while rival chipmakers AMD and Broadcom rallied on hopes they would pick up share. Energy was the only S&P 500 sector to finish higher (+1.51%) as Middle East tensions pushed WTI crude up to roughly $88.80, while Materials lagged (−1.28%). The 10-Year Treasury yield jumped to 5.10% and gold sank nearly 3% to about $3,882 as rate-hike bets built following Tuesday's hotter-than-expected October CPI print. The VIX climbed 6.9% to 18.70 and the Fear & Greed Index held at 37 (Fear), even though the S&P 500 is still up roughly 2.9% for the week heading into today's delayed October PPI report and next week's Nvidia and Home Depot earnings.