# Sharp swings for Nvidia and oil prices weigh on Wall Street

- URL: https://talkfuse.com/story/sharp-swings-for-nvidia-and-oil-prices-weigh-on-wall-street/
- Published: 2026-11-12T16:05:41+00:00
- Updated: 2026-11-12T16:23:43+00:00
- Original publisher: PBS NewsHour (publisher lean: Centre)
- Original article: https://www.pbs.org/newshour/economy/sharp-swings-for-nvidia-and-oil-prices-weigh-on-wall-street
- Topics: Business, Companies, Markets, Politics

## Key points

- Nvidia shares dropped sharply after Jensen Huang resigned.
- Colette Kress was named interim chief executive.
- Oil rose after Trump ruled out a deal with Iran.

## Summary

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%.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.