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The board as it stands now. Markets trading now carry the latest delayed figure; markets that are shut carry their last completed close — and say so.
U.S. stocks slipped about 0.4% as Nvidia absorbed its CEO's resignation and the 10-year Treasury closed at 5.10%, while Europe set records, Asia fell, January Brent jumped 3.3% to $95.82 and gold hit a one-year low.
Read the flagship briefingThat is where the 10-year Treasury yield closed, at 5.102%, after the largest two-day rise since April 2025, the Wall Street Journal reported. It is the key number because it is the transmission line for everything else in this edition: the yield sets the discount rate for the AI buildout's borrowing and the reference for mortgage rates — on the same day that sales of previously occupied homes fell to their slowest pace in more than 16 years, the AP reported — and it stands behind a dollar at its strongest since April 2025 and a 3% fall in gold. It matters more than Nvidia's swing because the stock's loss was halved by the close while the yield's gain was not. A decisive move in Friday's producer price index, if it printed soft enough to pull the 10-year back below 5%, would make that release the more important signal.
Read the full briefingWhat to watch tomorrow starts with the second inflation print of the week: October's producer price index, due Friday. Euro zone third-quarter GDP gets its flash estimate and Germany publishes wholesale inflation, while Fed officials Susan Collins, Lorie Logan, Michelle Bowman and Mary Daly speak — the first chance for officials to validate the market's December pricing since yields moved. The Nvidia succession remains the single-stock file, and Asia's open will show whether Tokyo's chip names stabilize or extend the selloff.
The global markets deskNvidia founder Jensen Huang resigned effective immediately, with CFO Colette Kress as interim CEO, as Cisco and Applied Materials beat after the close, Nebius and Corteva plunged, and Hancock Whitney struck a $3.2 billion deal for Trustmark.
Read the briefBitcoin fell 3.81% to $71,428 and Solana dropped 3.52% in Market Briefer's delayed snapshot, as U.S. spot Bitcoin ETFs lost $299.9 million on Wednesday — a fifth straight outflow day totaling about $1.44 billion.
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