New York stock market falls due to Jensen Huang's resignation and surge in oil prices... Nvidia 4.3%↓ (comprehensive)

On the 12th (local time), major indices in the New York stock market fell in the aftermath of Nvidia CEO Jensen Huang's resignation and a surge in oil prices.

On this day, the Dow Jones Industrial Average closed at 52,297.09 on the New York Stock Exchange (NYSE), down 189.40 points (0.36%) from the previous day.

The Standard & Poor's (S&P) 500 Index closed at 7,592.40, down 26.98 points (0.35%) from the previous day, and the Nasdaq Composite Index closed at 25,366.09, down 101.00 points (0.39%).

NVIDIA's stock price started off plummeting by 13.08% after CEO Hwang, who had led it for 33 years, stepped down and took over as interim CEO, but gradually narrowed the decline and closed down by 4.34%.

Oracle fell 1.02% and Micron fell 1.59%.

SK Hynix's American Depository Receipt (ADR) fell 3.19%, and the Philadelphia Semiconductor Index, which had soared 17.2% over the past four trading days, also fell 0.54% on this day.

On the other hand, Nvidia's competitors, AMD and Broadcom, rose 5.54% and 5.86%, respectively.

Expectations that major customer companies may turn to competitors' products to diversify the AI ​​semiconductor supply chain, and that competitors may reap profits, have led to an influx of buying power.

International oil prices rose for two days in a row as U.S. President Donald Trump maintained a hard-line stance, citing the need for negotiations with Iran.

Brent crude oil futures for January delivery rose 3.30%, and U.S. West Texas Intermediate (WTI) futures for December delivery rose 2.55%.

Due to strong oil prices, energy stocks such as ExxonMobil (1.84%) and Chevron (1.44%) rose, somewhat alleviating the impact of the decline in technology stocks.

U.S. Treasury yields also rose due to concerns that rising oil prices could increase the inflation burden.

The U.S. 10-year Treasury bond interest rate, a global bond benchmark, stood at 5.102%, up 11.4bp (1bp = 0.01% point) from the battlefield as of 3 p.m. Eastern time.

The U.S. 2-year Treasury bond yield, which is sensitive to monetary policy, rose 13.7 basis points to 4.862%.

The U.S. 30-year Treasury bond yield also rose 8.4bp to trade at 5.433%.

The value of the dollar also rose. The dollar index, which shows the value of the dollar against six major currencies, rose 0.29% to 103.17, reaching its highest since April 2025.

Investors are waiting for price indicators such as the Producer Price Index (PPI) to be announced on the 13th.