Stocks
Dow Plummets as Oil Prices Soar Amid Record-Breaking Nvidia Buyback
The Dow Jones Industrial Average plummeted by 336 points to 51,492.19 in early trading on Monday as oil prices and Treasury yields surged.
Nvidia bucked the weakness with a significant jump of over 3% after announcing the largest increase to its share buyback authorization on record, totaling $150 billion under existing programs.
The company's CEO, Jensen Huang, stated that 'our cash generation gives us the capacity to invest in the technologies that advance this transformation and return capital to shareholders.'