Wall Street stocks fall as oil prices rise, Nvidia drops

economictimes.indiatimes.com —

Wall Street stocks fell Thursday as rising oil prices and a sharp drop in Nvidia shares pressured major indexes, with the S&P 500, Dow Jones, and Nasdaq each declining 0.4 percent. The market opened lower after President Donald Trump said he no longer seeks a deal with Iran to end their war, boosting crude prices. Nvidia plunged 14 percent early following CEO Jensen Huang's resignation but recovered to close down 4.3 percent, while CoreWeave fell 6.9 percent and Micron sank 1.6 percent. Gains in energy stocks, including Marathon Petroleum up 2.5 percent and ExxonMobil up 1.8 percent, limited losses. Broadcom and AMD rose on competitive hopes, while AI firm Nebius tumbled 16.8 percent after earnings.


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