(Stock image generated with Ai.)

Canada’s stock market flatlined on Friday as gold prices stuttered following a sharp slide in the previous session. Investors were also turning their attention to Nvidia (NASDAQ: NVDA) after the resignation of CEO Jensen Huang, a key figure in the “AI boom”.

This article is a journalistic opinion piece that has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.

US markets were also burnt out as Nvidia shares continued to drop and inflation data came out cooler than expected. In the meantime, longtime CFO Colette Kress has stepped in as interim CEO while Nvidia’s board evaluates internal and external candidates to take the helm permanently.

TSX36,105.90-31.29TSX
TSXV798.46-4.32TSXV
CSE128.65-1.76CSE
DJIA52,347.55+50.46DJIA
NASDAQ25,136.27-229.82NASDAQ
S&P 5007,561.67-30.73S&P 500

The Canadian dollar traded for 70.09 cents US compared to 70.12 cents US on Thursday.

US crude futures traded US$0.18 higher at US$88.89 a barrel, and the Brent contract rose US$0.32 to US$96.10 a barrel.

The price of gold was down US$10.91 to US$3,870.88.

In world markets, the Nikkei was up 322.99 points to ¥61,142.35, the Hang Seng was down 370.95 points to HK$23,637.60, the FTSE was up 39.47 points to ₤10,902.56, and the DAX was down 63.52 points to €25,752.54.

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