Nasdaq 100 futures fell 0.92% to around 28,210, while S&P 500 futures dropped 0.43% to 7,610; Dow Jones futures held near 52,580 during Thursday’s European hours. Market sentiment was weighed down by a hawkish Federal Reserve rate outlook and reports of leadership turmoil at Nvidia. According to the facts provided, Jensen Huang resigned as CEO amid scandals, and Nvidia shares fell 33% after the news. The stock faces support between $146 and $153 ahead of Q3 earnings, with a new support base at $146 and resistance levels between $164 and $200.
Before the resignation, the stock fell to $160.85 in premarket trading, while the board appointed CFO Colette Kress interim CEO.
Read the full storyJensen Huang has stepped down as Nvidia CEO, sparking expectations of a lower Wall Street open as the company's shares fell in extended trading.