The Nasdaq MarketSite will be seen during the morning trade in New York City on April 7, 2025.
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Stocks fell sharply on Wednesday. nvidia Concerns from global technology and Federal Reserve Chair Jerome Powell about the economic impact of tariffs that have caused alarms among skittish investors.
Dow Jones Industrial Average They lost 699.57 points (1.73%) and finished with 39,669.39. S&P 500 It ended at 5,275.70 by 2.24%, leading to the information technology sector. Nasdaq Composite It pulled back 3.07% and closed at 16,307.16. The Tech Heavy Index has closed at about 19% off the closure area as it approaches the bear market territory.
NVIDIA’s shares sank 6.9% after the chip giant said it would post $5.5 billion quarterly rates related to exporting H20 graphics processing units to China and other countries. The company said it submitted that the US government requested a license to send tips from the US to China.
After the New York Times, stock prices were under pressure too It has been reported President Donald Trump’s administration had taken steps to crack down on Deepseek, a Chinese startup that Nvidia offers tips.
Nvidia, 1 day
Other chip makers continued Nvidia Lower Vaneck Semiconductor ETF (SMH) Down 4% or more. AMD It fell 7.4% Micron Technology 2.4% slides. In addition to wider chip reductions, there were disappointing revenue reports from ASMLits US stocks fell 7%.
“The S&P 500 is just a much more technology-driven index than it has been,” said Zachary Hill, head of portfolio management at Horizon Investments. “As we’ve seen, it has an unbalanced effect on both upside down and shortcomings. I saw it last week and now it’s the opposite.”
Tariffs are worried about rattle markets again
Stock has been slided Low Session Price The afternoon deal, when Fed Chairman Powell said Trump’s tariffs could pose challenges for central banks. In a question and answer session, Powell said that taxation can drive inflation in the short term and “is likely to further alienate us from our goals.”
“We may find ourselves in a challenging scenario where the goals of dual mandart are tense,” Powell said in a statement prepared in front of the Chicago economic club. “If that happens, we consider how far the economy is from each target, and the potentially different time horizons that each gap is expected to close.”
Financial markets have been rattling ever since Trump announced taxation in many countries earlier this month. Some of these obligations were held back for 90 days last week, but China was removed from that delay. Trump announced a tariff exemption on smartphone and PC imports over the weekend, but later suggested that this was temporary.
Since the Trump administration first announced “mutual” tariffs on April 2, the S&P 500 has slipped by about 7%, while the NASDAQ composite has dropped by 7.4%. The Dow lost about 6%.
