By William Collins, consultant in stock markets – Eurasia Business News, November 12, 2026. Article no 3263
U.S. stocks finished lower Thursday, November 12, as Nvidia’s leadership upheaval unsettled technology investors and rising Treasury yields added pressure across financial markets. The Dow Jones Industrial Average fell 189.40 points, while the S&P 500 and Nasdaq Composite each declined approximately 0.4%. Nvidia recovered substantially from its opening plunge but still closed 4.34% lower.
Energy markets moved sharply in the opposite direction. Brent and WTI crude settled higher after attacks on Saudi energy infrastructure heightened supply concerns. Gold extended its decline below $3,900 per ounce, while European natural gas prices rose in morning trading amid winter supply anxiety.
Stock Market Today: Dow Jones, S&P 500 and Nasdaq Closing Prices
Thursday’s final results showed relatively modest index declines despite substantial volatility in Nvidia:
| Index | Closing level | Points change | Percentage change |
|---|---|---|---|
| Dow Jones Industrial Average | 52,297.09 | −189.40 | −0.36% |
| S&P 500 | 7,592.40 | −26.98 | −0.35% |
| Nasdaq Composite | 25,366.09 | −100.10 | −0.39% |
The S&P 500 and Dow percentage declines round to approximately 0.4%, explaining the slightly different figures appearing in market summaries. Reuters reported that Nvidia’s losses outweighed support from advancing energy shares.
The closing numbers also demonstrate why early-session quotations require care. A dramatic opening move in one influential company did not translate into an equally severe decline across the broader market.
Nvidia Stock Falls After Jensen Huang’s Departure
Nvidia announced Thursday that Jensen Huang had resigned as president, chief executive and director, effective immediately. Chief Financial Officer Colette Kress became interim CEO while the company searches for a permanent successor.
The stock initially plunged as much as 14% before buyers reduced its losses. Nvidia finished at $166.19, down $7.54, or 4.34%, according to CNBC’s closing quotation. The recovery limited the damage but did not remove uncertainty surrounding the transition.
Huang’s departure followed mounting scrutiny over his personal relationships and reported board deliberations about removing him. The confirmed corporate action was a resignation, rather than an announced dismissal. Allegations surrounding the controversy remain separate from the company’s leadership announcement.
How Much Is Nvidia Worth Without Huang?
Investors now face a difficult valuation question: how much of Nvidia’s appeal reflects its technology and customer relationships, and how much reflects confidence in its founding chief executive?
Huang had led Nvidia since co-founding it in 1993. His departure therefore represents more than a routine management change, particularly as the company occupies a central position in the AI computing industry.
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Some analysts immediately reassessed their expectations. The Wall Street Journal reported that Citigroup analysts Atif Malik and Papa Sylla reduced their Nvidia price target from $285 to $225 ahead of Huang’s potential removal. A price target represents an analyst’s assessment, not a guaranteed future trading level.
The immediate succession plan provides continuity, but not a permanent answer. Kress will retain her finance responsibilities during the transition, while longtime director Harvey C. Jones becomes Nvidia’s first-ever board chair. The successor search will consider internal and external candidates.
Rising Treasury Yields Add Another Headwind
Nvidia was not the only pressure point. Kitco’s afternoon report identified rising Treasury yields, a firm dollar and expectations for additional Federal Reserve tightening as major influences on Thursday’s trading.
That backdrop matters because it distinguishes a company-specific leadership shock from broader financial conditions. Even investors looking beyond Nvidia faced an environment shaped by persistent inflation concerns and expectations for restrictive monetary policy. Those same forces weighed heavily on precious metals.
The combination helped explain why a substantial recovery in Nvidia from its session low was insufficient to lift the major indexes into positive territory by the close. Reuters identified the chipmaker’s remaining decline as outweighing energy-sector gains.
Oil Prices Today: Brent and WTI Settle Higher
Crude oil reversed early losses and finished sharply higher:
- Brent crude futures settled at $95.82 per barrel, rising $3.06, or 3.3%.
- WTI crude settled at $88.74 per barrel, gaining $2.21, or 2.6%.
Reuters attributed the advance to escalating attacks on Saudi energy infrastructure and shipping disruptions through the Strait of Hormuz, which threatened global oil flows.
These settlements supersede Thursday morning’s lower quotations. Earlier trading had reflected hopes for geopolitical de-escalation, but later developments restored a substantial supply-risk premium. The reversal illustrates how quickly energy markets can change direction when physical infrastructure and shipping routes come under renewed threat.
Gold Price Today According to Kitco News
Gold failed to benefit from equity-market uncertainty. Kitco’s late U.S. trading report placed spot gold near $3,876.40 per ounce, down $110.60, or 2.77%. Spot silver traded near $49.930, falling 3.13%. These were late-session spot quotations, not standardized futures settlements.
Kitco attributed the weakness to higher Treasury yields, dollar strength and expectations for further Fed interest rate increases. Silver faced additional concerns surrounding industrial demand and equity volatility. The report showed monetary-policy pressure outweighing any defensive buying associated with Nvidia’s turmoil.
European Gas Prices Rise on Winter Supply Concerns
European natural gas strengthened in a morning market update. The Dutch TTF front-month contract rose 2% to €88.42 per megawatt-hour, while Britain’s NBP equivalent gained 1.7% to 219 pence per therm. These are intraday quotations, not verified closing settlements.
Winter supply concerns supported gas even before crude’s later rebound. Thursday’s markets therefore delivered a mixed message: stocks and gold weakened, oil surged, and European gas remained sensitive to supply conditions. Nvidia’s succession process, interest rate expectations and energy disruptions remain distinct forces shaping the next session.
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© Copyright 2026 – Eurasia Business News. Article no. 3263
