investingLive Americas market news wrap: Jensen Huang ousted from Nvidia

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The drama at Nvidia was the focus of trading today as CEO and founder Jensen Huang was ousted over extra-marital affairs, including one with a purported Chinese agent. The whole things stinks of a hit job but that's the game of corporate thrones. The ouster didn't hit as a shock as the WSJ reported it was coming late yesterday. In any case, shares fell as much as 11% before rebounding to finish down 4.5%, in part because earnings weren't pushed back. A new CEO search is underway and Trump suggested Tim Cook on Truth Social.

Critically, the turmoil and NVDA didn't sink the broader market as stocks bounced around, briefly turning positive. That was particularly impressive given that Treasury yields jumped once again, rising 10-15 bps across the curve. Oil helped to push rates higher as Trump indicated JD Vance won't be attending the rumored talks. Later, Iran reported strikes in a southern cited and oil finished at the highs of the day.

The euro fell to the lowest since April 2025 on broad US dollar strength. A few Fed officials spoke but I found it most-notable that the hawkish Hammack argued against a 50 bps hike in December and somethign gradual instead.

This article was written by Adam Button at investinglive.com.