Global markets steady after Nvidia CEO Jensen Huang resigns
Global stock markets closed mixed Thursday after Nvidia CEO Jensen Huang resigned amid revelations of extramarital affairs, including one with a woman accused of spying for China. Nvidia shares fell 4.34%, erasing about $450 billion in market value since the scandal emerged. The Nasdaq initially dropped 1.56% but recovered to close down 0.39%, while the S&P 500 fell 0.35% and the Dow Jones lost 0.36%. Investors shifted funds to other semiconductor firms, with Broadcom gaining 5.5% and AMD rising 5.86%. European markets finished higher, with Frankfurt hitting a record close above 27,000 points. Oil prices rose over 3% after President Trump said he didn't need an Iran deal, pushing US 10-year Treasury yields to 5.13%.