Wall Street falls as Jensen Huang steps down, oil prices surge; Nasdaq drops 0.39%

US stocks fell across the board Thursday (local time) as Nvidia CEO Jensen Huang's resignation and a sharp rise in oil prices rattled markets.

The Dow Jones Industrial Average closed down 189.40 points, or 0.36 percent, at 52,297.09 on the New York Stock Exchange. The S&P 500 fell 26.98 points, or 0.35 percent, to finish at 7,592.40, while the Nasdaq Composite dropped 101.00 points, or 0.39 percent, to end at 25,366.09.

Nvidia shares opened sharply lower, tumbling as much as 13.08 percent before paring losses to close down 4.34 percent.