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Stay informed with the latest developments in the financial markets.

US Stock Market Ends Volatile Session with Modest Losses

US stocks closed with modest losses after a volatile session. The S&P 500 fell 0.4% to 7,592.40, the Dow Jones Industrial Average dropped 0.4% to 52,297.09, and the Nasdaq composite declined 0.4% to 25,366.09.

US Existing-Home Sales Fall to Slowest Pace in Over 16 Years

Existing-home sales in the US declined by 5.5% in October, reaching a seasonally adjusted annual rate of 3.75 million units—the slowest pace since August 2010. Rising mortgage rates have made borrowing more expensive, discouraging potential buyers.

Nvidia CEO Resigns Amid Allegations of Affair with Suspected Chinese Spy

Nvidia's CEO Jensen Huang resigned following reports of an affair with Alice Huang, a Chinese businesswoman suspected of espionage. This led to a significant drop in Nvidia's stock price and raised concerns about the company's future.