US Markets Dip Amid Tech Uncertainty as Nvidia CEO Resignation Spurs Volatility; Gold Plummets
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US Markets Dip Amid Tech Uncertainty as Nvidia CEO Resignation Spurs Volatility; Gold Plummets

US stock exchanges dropped on Thursday. At the close of trading in New York, the Dow was calculated at 52,297 points, a loss of 0.4 percent compared to the previous trading day.

A few minutes earlier, the broader S&P 500 was down 0.4 percent at around 7,592 points, and the Nasdaq technology exchange calculated the Nasdaq 100 at around 28,289 points, down 0.3 percent.

News regarding the resignation of Jensen Huang at Nvidia caused uncertainty on Thursday. Colette Kress, the company’s current Executive Vice President and CFO, has agreed to temporarily take over the CEO position. The resignation comes only a few days after the board of directors announced that it wanted to investigate whether Huang was the target of a foreign intelligence operation. The company’s shares fell by around four percent on Thursday, while shares of competitor AMD gained.

The European community currency was weaker on Thursday evening: one Euro cost 1.1055 US Dollars, and a Dollar was consequently available for 0.9046 Euros.

Oil prices rose: a barrel of the North Sea Brent type cost 96.14 US Dollars on Thursday evening around 10 pm German time, which is 3.6 percent more than at the close of the previous trading day.

The price of gold was steeply down; in the evening, 3,873 US Dollars was paid for a fine ounce (-2.9 percent). This corresponds to a price of 112.65 Euros per gram.