Stocks Stumble as Oil, Nvidia Concerns Loom

Stocks finished in the red today in a back-and-forth session. The Dow dropped 189 points while the Nasdaq shed 100, as investors unpacked the fallout from CEO Jensen Huang resigning from Nvidia (NVDA). While rival chipmakers and Big Tech titans rose, there's now more uncertainty around the AI trade and capex concerns. All three major indexes traded briefly in the black midday, but pivoted lower by the late afternoon. Elsewhere, existing home sales fell to their lowest level since 2010, as high mortgage rates pressure buyers.

Continue reading for more on today's market, including: 

• Oil prices in 2026: tracking a volatile timeline.
• 2 airline stocks seeing outsized options activity today.
• Plus, Target earnings loom; winners of Nvidia's demise; and Bitcoin sinks Strategy. 

5 Things to Know Today

1. High beta growth stocks with a large week ahead.
2. Schaeffer's Power Five: get all our favorite options strategies under one roof.
3. What investors could expect from Target stock next week.
4. AMD stock is a big winner as Nvidia crumbles.
5. Crypto stock burrows deeper into the red.

Oil Prices Stubbornly Higher After Trump Comments

Oil prices perked back up today, after weekly inventories rose for the first time in five weeks. Comments from U.S. President Donald Trump about not needing a deal with Iran also boosted black gold. December-dated West Texas Intermediate (WTI) gained 2% close at $88.19. 

December-dated gold futures fell 2.8% to settle at $3,888.70 per ⁠ounce, as geopolitical and inflation fears weighed on the safe-haven asset.