Nvidia CEO resigns as stocks pull back.
Bob Iaccino breaks down Thursday's market action as U.S. stock futures move lower with Nasdaq-100 futures leading the declines following the resignation of Nvidia CEO Jensen Huang. He examines potential ripple effects across data center financing, chip export restrictions and the broader indices, alongside higher 10-Year Treasury yields above 5%, a stronger dollar and pressure on metals and bitcoin. Bob also tracks crude oil's reversal lower after early gains tied to U.S.-Iran tensions and Strait of Hormuz headlines, before previewing upcoming earnings, Federal Reserve speeches, eurozone GDP and U.S. PPI.
Bob Iaccino breaks down Thursday's market action as U.S. stock futures move lower with Nasdaq-100 futures leading the declines following the resignation of Nvidia CEO Jensen Huang. He examines potential ripple effects across data center financing, chip export restrictions and the broader indices, alongside higher 10-Year Treasury yields above 5%, a stronger dollar and pressure on metals and bitcoin. Bob also tracks crude oil's reversal lower after early gains tied to U.S.-Iran tensions and Strait of Hormuz headlines, before previewing upcoming earnings, Federal Reserve speeches, eurozone GDP and U.S.
PPI.