NEW YORK, New York - U.S. stocks lost their footing on Thursday, upended by the sudden resignation of Nvidia CEO Jensen Huang. Shares in the AI giant tumbled more than 4 percent. Meanwhile, Treasury yields shot higher, with the 10-year note hitting 5.12 percent, and the 30-year Treasury topping 5.44 percent, as President Trump on Thursday downplayed his recent optimism that the war in Iran would be over soon.

Oil prices spiked higher on Trump's latest change of stance, while Iran's port city of Sirik in the Hormozgan province came under attack on Thursday, according to Iran's state news agency IRNA. Meanwhile in Saudi Arabia, Yemen's Houthis claimed strikes on an Aramco facility in the capital, Riyadh, and on Khamis Mushait airbase, and the East-West pipeline. Hostilities in the Middle East were also worsened Thursday with the bombing by Israeli military forces of a hospital in Gaza, which killed six people and wounded more than 50.

Wall Street's major indexes ended Thursday's session in the red, with all three major U.S. benchmarks posting modest declines as investors weighed the latest economic data.

The Standard and Poor's 500 closed at 7,592.92, down 26.46 points, or 0.35 percent, on trading volume of 3.07 billion shares. The index traded between a low of 7,550.84 and a high of 7,652.76 during the session. Over the past 52 weeks, the S&P 500 has ranged from 6,316.91 to 7,844.52.

The Dow Jones Industrial Average fell 188.68 points, or 0.36 percent, to settle at 52,297.81, with volume of 994.896 million shares. The blue-chip index's session low was 52,271.16, while its high reached 52,751.22. Its 52-week range stands at 45,057.28 to 54,744.33.

The tech-heavy NASDAQ Composite declined 100.10 points, or 0.39 percent, to close at 25,366.09 on volume of 7.933 billion shares. The index traded as low as 25,068.28 and as high as 25,597.23 on the day, within a 52-week range of 20,690.25 to 27,722.75.

U.S. Dollar Extends Winning Streak to Third Day as Major Currencies Continue to Weaken

The U.S. dollar strengthened against all major currencies on Thursday, marking its third consecutive day of gains as traders continued to favour the greenback amid shifting interest rate expectations and resilient U.S. economic data.

The euro slipped against the dollar, with EUR-USD trading at 1.1057, a decline of 0.30 percent. The British pound also weakened, with GBP-USD at 1.3237, down 0.29 percent.

The dollar's advance was more modest against the Japanese yen, with USD-JPY at 159.82, a gain of 0.02 percent for the greenback. Against the Canadian dollar, USD-CAD stood at 1.4256, up 0.03 percent.

The Swiss franc lost ground, with USD-CHF at 0.8352, reflecting a 0.25 percent rise for the dollar.

The Australian dollar posted the steepest decline among the majors, with AUD-USD plummeting to 0.6805, a drop of 0.61 percent.

The broad-based dollar strength comes as investors position for a prolonged period of elevated U.S. borrowing costs, with currency markets reflecting diverging monetary policy paths between the Federal Reserve and its counterparts in Europe, Japan and Australia. The third straight session of greenback gains underscores growing confidence in the U.S. outlook relative to other major economies.

Global Markets End Mixed Thursday as Asian Selloff Offsets UK, European Gains

World stock markets closed mixed on Thursday, with UK and European benchmarks posting modest gains while a broad selloff across Asia and a particularly sharp decline in Taiwan weighed on global sentiment.

In Canada, the S&P/TSX Composite index (^GSPTSE) posted a steeper decline, closing at 36,137.19, down 274.53 points, or 0.75 percent, on volume of 230.27 million shares. The Canadian benchmark traded between 36,080.86 and 36,367.41 during the session, and has ranged from 29,828.50 to 37,069.10 over the past year.

The FTSE 100 in London rose 27.62 points to 10,863.09, a gain of 0.25 percent.

Germany's DAX P added 109.11 points to close at 26,771.88, up 0.41 percent, while France's CAC 40 advanced 28.49 points to 8,361.36, a rise of 0.34 percent. The EURO STOXX 50 I edged up 5.59 points to 6,398.98, up 0.09 percent.

The Euronext 100 Index was a rare European decliner, slipping 2.49 points to 1,923.54, down 0.13 percent. In Belgium Thursday, the BEL 20 bucked the softer tone on the continent, gaining 14.61 points to 6,115.09, up 0.24 percent.

Asian markets were predominantly lower. Hong Kong's HANG SENG INDEX fell 307.37 points to 24,008.55, a drop of 1.26 percent.

In Greater China, the SSE Composite Index declined 24.81 points to 3,655.83, down 0.67 percent.

In Japan, the Nikkei 225 fell 429.23 points to 60,819.36, a drop of 0.70 percent.

In Singapore, the STI Index shed 6.96 points to 5,282.70, down 0.13 percent. I

n Australia, the S&P/ASX 200 [XJO] slipped 6.40 points to 9,146.80, down 0.07 percent, while the ALL ORDINARIES [XAO] lost 17.10 points to 9,274.20, a decline of 0.18 percent. In New Zealand, the S&P/NZX 50 INDEX GROSS rose 79.37 points to 14,259.23, up 0.56 percent.

India's S&P BSE SENSEX was a notable exception, eking out a gain of 31.61 points to 81,911.01, up 0.04 percent.

Indonesia's IDX COMPOSITE surged 135.86 points to 5,250.90, up 2.66 percent. Malaysia's FTSE Bursa Malaysia KLCI fell 9.23 points to 1,585.96, down 0.58 percent, 

South Korea's KOSPI Composite Index dropped 32.63 points to 5,342.73, down 0.61 percent. Taiwan's TSEC CAPITALIZATION WEIGHTED ST suffered the steepest losses of Thursday's session, plunging 1,165.28 points to 43,091.87, a decline of 2.63 percent.

In the Middle East, Israel's TA-125 gained 7.46 points to 3,959.46, up 0.19 percent. Egypt's EGX 30 Price Return Index fell 477.10 points to 52,023.40, down 0.91 percent.

South Africa's Top 40 USD Net TRI Index dropped 105.55 points to 6,729.92, a loss of 1.54 percent.

(This report incorporates quotes retrieved with the assistance of artificial intelligence).

Related stories:

Wednesday 11 November 2026 | Wall Street recovers Wednesday, Nasdaq surges 400 points | Big News Network  

Tuesday 10 November 2026 | Dow Jones slides 158 points Tuesday, Nasdaq sheds 187 | Big News Network

Monday 9 November 2026 | Sellers swept away on the 'Street; Dow Jones, Nasdaq surge | Big News Network