The S&P 500 fell 0.35% to 7,592.40 on Thursday, giving back part of Wednesday’s gains as Nvidia’s leadership shakeup weighed on the broader market. The Dow Jones Industrial Average declined 0.36%, while the Nasdaq Composite slipped 0.39%.

Nvidia CEO Jensen Huang resigned amid mounting scrutiny surrounding his personal relationships and national security concerns. CFO Colette Kress was named interim CEO. Nvidia shares plunged as much as 14% intraday before recovering much of their losses, while rivals Broadcom and AMD rallied as investors weighed potential shifts in the AI chip market.

Oil prices also climbed after President Donald Trump said the U.S. no longer needed a deal with Iran, adding to inflation concerns ahead of Friday’s economic data.

December S&P 500 futures traded as high as 7,628.25 and as low as 7,573.50. The contract was last quoted near the session low at 7,585.50, roughly 15 handles below the day’s midpoint of 7,600.88, losing 55 handles from Wednesday’s close.

Tomorrow, market participants can look forward to October’s Producer Price Index at 8:30 a.m. ET. The report will offer another look at inflation pressures ahead of the Federal Reserve’s December meeting.

Among the largest components of the index, Broadcom Inc. (NASDAQ: AVGO) emerged as the biggest gainer. The chip designer advanced by $19.14, or 5.54%, to close at $364.36. That performance was approximately 5.9 percentage points stronger than the cash index’s decline.

Conversely, the biggest loser was NVIDIA Corp. (NASDAQ: NVDA). For the day, the chip designer declined by $7.54, or 4.34%, to close at $166.19.