Sharp swings for Nvidia and oil prices weigh on Wall Street

Wall Street was little changed overall as sharp movements in Nvidia shares and oil prices unsettled investors. Nvidia’s leadership change matters beyond the company because it has been a major driver of the market’s gains during the artificial intelligence boom, leaving investors to weigh whether that momentum can continue without its co-founder at the helm.

Nvidia shares fell as much as 14% early in trading, then pared losses to 6.1% after the board confirmed Jensen Huang’s resignation and appointed finance chief Colette Kress interim CEO. Brent crude briefly rose from about $92 to above $94 a barrel after Donald Trump said he was no longer seeking a deal with Iran; it later stood at $93.79, up 1.1%. The S&P 500 was down 0.4%, the Dow 0.1% and the Nasdaq 0.6% in morning trading, while the 10-year Treasury yield rose to 5.07%.