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Sensex Today | Stock Market LIVE Updates: US stocks closed lower on Thursday, as a drop in Nvidia shares after CEO Jensen Huang's exit outweighed gains in energy shares. The chip company's shares fell 4.3% but were well off the day's lowest level after earlier dropping nearly 12%. Retail investors bought Nvidia (NVDA.O), opens new tab shares worth about $111 million in the first half hour of trading, the biggest opening bid on record for the stock, according to data from Vanda Analytics. The Dow Jones Industrial Average fell 189.40 points, or 0.36%, to 52,297.09, the S&P 500 lost 26.98 points, or 0.35%, to 7,592.40 and the Nasdaq Composite lost 100.10 points, or 0.39%, to 25,366.09.
Gold extended its slide, with spot gold down 2.4% at $3,890 an ounce and silver down 2.8% at $50.19. On MCX, December gold fell ₹3,112 or 2.23% to ₹1,36,604 per 10 grams, and December silver dropped ₹5,412 or 2.93% to ₹1,79,113 per kg. A weaker rupee, at 93.99 per dollar, cushioned the fall in domestic prices slightly.
The pressure comes from Tuesday's hotter-than-expected US inflation, which has pushed the dollar to near its highest level since April 2025 and left a December Fed hike almost fully priced, at about 87% for 25 bp and 13% for 50 bp. The jobless claims added to this: initial claims rose to 200,000, above the 195,000 expected but still very low, which shows layoffs remain contained and leaves the Fed room to tighten. Higher yields and a firmer dollar raise the cost of holding metals that pay no interest, and investment demand has been weak.
US producer prices on Friday are the next test. A softer reading would ease hike fears and let both metals steady, while another hot print could extend the fall.