The U.S. stock market shook, but it largely absorbed big swings for Nvidia and oil prices and finished with relatively modest losses.
After dropping nearly 1% at the start of Thursday’s trading, the S&P 500 erased all the loss before finishing with a dip of 0.4%. The Dow Jones Industrial Average fell 0.4%, and the Nasdaq composite slipped 0.4%.
Nvidia’s stock initially plunged 14% following the resignation of its CEO, Jensen Huang. But it quickly halved its loss, while other AI chip stocks rose. Oil prices climbed after President Donald Trump said he’s no longer interested in a deal with Iran.
The Dow Jones Industrial Average fell 189.40 points, or 0.4%, to 52,297.09.
The Nasdaq composite fell 100.10 points, or 0.4%, to 25,366.09.