US stocks dip as Nvidia falls on CEO exit; yields rise, energy rallies
SPY•SPY•SPY•SPY•Major US stock indexes ended modestly lower Thursday, with the Nasdaq down about 0.4%, as Nvidia fell just over 4% after CEO Jensen Huang's exit. The 10-year Treasury yield reached about 5.12%, while energy shares rose 1.5% and crude prices climbed about 3%.
Major US stock indexes ended modestly lower Thursday, with the Nasdaq posting the largest decline, down about 0.4%. Nvidia shares closed just over 4% lower after earlier falling more than 14% following CEO Jensen Huang's exit.
Energy was the best-performing S&P 500 sector, up 1.5%, as crude prices rose about 3% after President Donald Trump wrote that the US did not need a deal with Iran. Materials fell 1.5%, the steepest decline among the S&P 500's 11 sectors.
The US 10-year Treasury yield reached a three-week high of about 5.12%. The PHLX Semiconductor Index ended down 0.5% after falling as much as 3.7%; Apple touched a record intraday high before closing down 0.2%.
