📊 Jensen Huang's exit rattled the AI trade. The Nasdaq fell 0.39% to 25,366.09, the S&P 500 dropped 0.35%, the Dow lost 0.36% and Canada's S&P/TSX Composite slid 0.75%. 🤖 Nvidia ($NVDA) fell 4.34% to $166.19 and touched a 52-week low after Huang resigned as CEO and board member, with CFO Colette Kress named interim chief. The stock was down more than 10% at one point and traded 373 million shares against a 30-day average of 144.4 million. It's off 20% in November. 🔲 Rivals caught the rotation. Advanced Micro Devices ($AMD) and Broadcom ($AVGO) each gained more than 5%, while Alphabet ($GOOGL) rose nearly 2%. 🍎 Apple ($AAPL) touched a fresh intraday high of $359.37, its second in a row this week, before closing down 0.14% at $354.88. ⛏️ Canadian materials fell 3.2% on lower gold, driving the TSX decline. Suncor ($SU) and Enbridge ($ENB) held up with small gains, and the loonie slipped to 70.15 cents US. 🏠 Existing home sales fell 5.5% in October to an annualized 3.75 million, the lowest since August 2010. NAR's Lawrence Yun blamed mortgage rates at their highest since 2000, outside one month in 2023. Oil rose too, with WTI up 2.55% to $88.74 after Trump said the U.S. doesn't need a deal with Iran. 👨🏻💻 Researched and written daily by @timemino
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Kyle T@kyletfreedom58 · 20h
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