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Wall Street closes lower
Wall Street closed lower on Thursday as investors assessed Jensen Huang’s departure from the helm of Nvidia and developments in the Middle East conflict. The Nasdaq fell 0.39% to 25,366.09, the Dow Jones dropped 0.36% to 52,297.09, and the S&P 500 declined 0.35% to 7,592.40. Nvidia shares slid more than 4% to a 52-week low after Huang’s resignation was announced and CFO Colette Kress was named interim CEO. Meanwhile, AMD and Broadcom each gained more than 5%, and Alphabet rose about 2%.
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