Stock indexes on Wall Street and in Tel Aviv swing between gains and losses in volatile week

In depth

Wall Street exchanges opened higher as investors tried to recover from the sharp declines in artificial intelligence shares recorded the previous week. The Dow Jones rose 1%, and the S&P 500 and Nasdaq each climbed 0.8%, as the market awaited clarity on the status of Nvidia CEO Jensen Huang.

Later in the week, indexes saw sharp swings. The Nasdaq jumped 2.4% and the chip index climbed about 6.9%, but Nvidia continued to lose ground after the ties of Huang were examined with a businesswoman suspected of spying for China. U.S. President Donald Trump expressed support for Huang, and afterward it was reported that Huang had resigned as CEO of the company.

On the Tel Aviv Stock Exchange, stocks closed higher, with the TA-35 index up 1.84% and the TA-125 index up 1.97%. Insurance and banking stocks led the gains, while oil prices fell to about $90 a barrel. The dollar traded around 3.2 shekels.