Daily Digest S&P 500 NASDAQ DOW RUSSELL 2000 US stocks closed lower as Nvidia leadership turmoil and a jump in the 10-year yield offset energy gains ahead of Friday’s PPI data - The S&P 500 fell 0.35% to 7,592.40, the Dow Jones Industrial Average ($DJI) lost 0.36% to 52,297.09, the Nasdaq Composite ($COMP) slipped 0.39% to 25,366.09, and the Russell 2000 (IWM) dropped 1.66% to 2,799.06, as a sharp pullback in Nvidia (NVDA) outweighed strength in energy shares. - Nvidia (NVDA) declined 4.3% to $166.19 after CEO Jensen Huang resigned amid multiple reported affairs and board investigations into relationships with employees, including one allegedly tied to Chinese intelligence, with the stock rebounding from an intraday loss near 14% as Vanda Research cited over $111 million in opening retail purchases. - Advanced Micro Devices (AMD) gained 5.9% and Broadcom (AVGO) rose 5.5% as investors rotated into Nvidia (NVDA) rivals on expectations of market share gains following the leadership turmoil at Nvidia (NVDA). - The energy sector led the S&P 500 with a 1.5% advance after President Donald Trump said the United States does not need a deal with Iran, even as oil (@CL) prices slipped, while materials and industrials lagged and nine of 11 S&P sectors finished in negative territory. - Corteva (CTVA) plunged roughly 24% after cutting its annual profit forecast, citing weakness in Brazil. - Nebius (NBIS) sank 16.8% as a revenue beat was overshadowed by a hike in 2026 capital spending to $27 billion and the deferral of some revenue into 2027. - Existing home sales fell to their lowest level since 2010, adding to concerns about housing market resilience under higher interest rates. - The 10-year Treasury yield (@10Y) jumped about 20 basis points to 5.11%, its largest one-day rise since 2022, as markets priced in the possibility of a Federal Reserve rate hike at the December meeting. - After the close, Cisco Systems (CSCO), Applied Materials (AMAT), and Nu Holdings (NU) reported earnings, with individual stock moves generally within about 2% even as S&P 500 futures (@ES) rose modestly in extended trading and investors looked ahead to Nvidia (NVDA) succession news, additional earnings, and Friday’s October PPI release.