Good morning and welcome to Markets Desk, your Friday market open.
Nvidia shares are nudging higher this session, but the shadow of leadership uncertainty hangs over the stock. Jensen Huang resigned as chief executive on Thursday following scrutiny over personal conduct, and investors are still processing what that transition means for the world's most valuable chipmaker going forward.
Turning to the macro picture, President Trump escalated his trade posture against Mexico overnight, threatening to immediately double tariffs if Mexico fails to halt migrant caravans moving north. The language was unambiguous — Trump wrote there would be, quote, no leniency. That kind of blunt tariff escalation keeps currency and emerging market traders on edge heading into the weekend.
And in crypto markets, Bitcoin is testing a level that technically minded traders watch closely — the two-hundred-week simple moving average, a line it hasn't touched since mid-August. The coin slipped below sixty-eight thousand dollars, and at least one analyst is flagging downside risk toward fifty-seven thousand seven hundred as a potential next stop if that support fails to hold.
That's the tape. Markets Desk, signing off the floor.
