Wall Street Falls as Nvidia CEO Resigns
US stocks declined as Nvidia shares fell following the unexpected resignation of CEO Jensen Huang. Meanwhile, Treasury yields climbed and the dollar reached a fresh 19-month high amid rising inflation concerns.
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NVIDIA CORP shares fell 4.3% on Thursday following the resignation of CEO Jensen Huang, dragging down United States equities as Treasury yields climbed. The chipmaker dropped despite offing session lows, while the broader market absorbed the executive exit. Huang's departure follows reports regarding a personal relationship with a businesswoman suspected of intelligence activities for China.
