Dow, S&P 500, Nasdaq slide as Nvidia’s dive weighs on tech

Featured, USA3 days ago4 Views

US shares fell on Wednesday after Nvidia (NVDA) revealed pricey new curbs on chip exports to China, and buyers grappled with uncertainty over President Trump’s commerce coverage.

The benchmark S&P 500 (^GSPC) dropped greater than 1% whereas the Dow Jones Industrial Common (^DJI) shed greater than 200 factors, or round 0.5%. The tech-heavy Nasdaq Composite (^IXIC) fell over 1.9% as the brand new chip provisions weighed on the tech sector.

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Nvidia’s inventory took a success early, falling greater than 5% after the corporate revealed that the US authorities has imposed new restrictions on its chips.

A brand new submitting from Nvidia on Tuesday confirmed that the US authorities has required licenses for exports to China of the corporate’s H20 synthetic intelligence chip. The chip large mentioned the transfer would lead to $5.5 billion in expenses. An analogous submitting from AMD mentioned the corporate expects to incur prices as much as $800 million from the brand new export controls, prompting shares to dive 6%.

In the meantime, tariffs on key imports stay up within the air. Exemptions from auto duties are reportedly into consideration, whereas the final word destiny of not too long ago paused tariffs on shopper electronics is unknown. On the similar time, the Trump administration is setting the stage for brand new levies on pharmaceutical and semiconductor imports, in addition to important minerals.

Learn extra: The most recent on Trump’s tariffs

The way forward for tariffs affecting US buying and selling companions is equally murky. The president has touted ongoing negotiations with nations, apart from China, since instituting a 90-day pause on most “reciprocal” tariffs final week.

In an unique interview with Yahoo Finance on Tuesday, Treasury Secretary Scott Bessett mentioned he expects to see “substantial readability” on tariffs with main US buying and selling companions, excluding China, over the subsequent 90 days. For its half, China mentioned Wednesday it’s open to US talks, however solely beneath sure circumstances.

On Wednesday, Census Bureau knowledge confirmed retail gross sales rose extra 1.4% in March, matching forecasts and serving as the most effective studying in over two years within the newest signal of the US economic system’s resilience earlier than this month’s sweeping reciprocal tariff bulletins.

In commodities, gold (GC=F) reached a brand new file because the escalating commerce struggle between the US and China pushes buyers in the direction of secure havens. Bullion pushed previous $3,300 an oz. for the primary time late Tuesday.

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Nvidia inventory dives as chipmaker sees $5.5 billion hit from ‘shock’ China chip controls

Yahoo Finance’s Laura Bratton experiences:

Nvidia (NVDA) inventory sank about Wednesday after the AI chipmaker disclosed that it might take a $5.5 billion hit from the US authorities’s shock new controls on its semiconductor exports to China.

Nvidia mentioned in a regulatory submitting late Tuesday evening that the US authorities knowledgeable the corporate that it might require a particular license for exports of its H20 chips made particularly for the Chinese language market.

Notably, no licenses for GPU shipments into China have ever been granted given the US authorities’s concern that the chips could possibly be used to construct AI supercomputers within the nation. Jefferies analyst Blayne Curtis wrote in an evaluation following the information the most recent rule is successfully a ban.

Learn extra right here.
New China chip controls ship tech sector sliding 2% on the open

US inventory futures fell on Wednesday after Nvidia (NVDA) revealed pricey new curbs on chip exports to China, and buyers grappled with uncertainty over President Trump’s commerce coverage.

The benchmark S&P 500 (^GSPC) dropped round 0.9% whereas the Dow Jones Industrial Common (^DJI) about 150 factors, or round 0.3%. The tech-heavy Nasdaq Composite (^IXIC) fell round 1.7% as the brand new chip provisions weighed on the tech sector. The Data Know-how sector (XLK) fell greater than 2% on the open.
AMD inventory sinks as new US export controls might price as much as $800 million

AMD inventory rapidly misplaced greater than 7% in premarket buying and selling on Wednesday because the chipmaker mentioned the US authorities’s new export controls might price it “as much as roughly $800 million in stock, buy commitments and associated reserves.”

AMD’s regulatory submitting follows the likes of Nvidia, which mentioned it might take as much as a $5.5 billion hit.
Retail gross sales surge 1.4% in March, most since Jan. 2023, in newest signal of US economic system’s power earlier than tariffs

Retail gross sales rose extra 1.4% in March, matching forecasts and serving as the most effective studying in over two years within the newest signal of the US economic system’s resilience earlier than this month’s sweeping reciprocal tariff bulletins.

Headline retail gross sales rose 1.4%% in March, matching economists expectations, and nicely above the 0.2% improve seen in February in accordance with Census Bureau knowledge. This was the most effective month-to-month improve since January 2023.

The management group in Thursday’s launch, which excludes a number of risky classes and components into the gross home product (GDP) studying for the quarter, rose 0.4%. Economists had anticipated a 0.6%. The metric’s February rise was revised larger to 1.3% from a previous studying of 1%.

March gross sales, excluding auto and fuel, rose 0.8%%, above consensus estimates for a 0.6% improve.

Learn extra right here.
Massive banks preserve ‘the sky just isn’t falling’ amid Trump tariff turmoil. To this point.

Yahoo Finance’s David Hollerith experiences:

Learn extra right here.
United Airways points two revenue forecasts, inventory rises premarket

United Airways (UAL) inventory climbed greater than 7% in premarket buying and selling after the corporate beat earnings expectations and mentioned bookings stay secure.

The airline maintained its full-year forecast and supplied a secondary forecast ought to the economic system take a flip for the more severe. Like Delta (DAL), United mentioned it might gradual its capability progress later this 12 months.

It’s “unattainable to foretell this 12 months with any diploma of confidence,” United mentioned in its launch.

Shares of Delta, Southwest (LUV), and American Airways (AAL) rose in sympathy on Wednesday morning.

Learn extra right here.
Good morning. This is what’s taking place right now.

Financial knowledge: Retail gross sales (March); NAHB Housing Market Index (April); Industrial manufacturing, (March); MBA mortgage purposes, (April 11)

Earnings: Abbott (ABT), Alcoa (AA), ASML (ASML), Residents Monetary Group (CFG), Progressive (PGR), Synovus (SNV), Vacationers (TRV), US Bancorp (USB)

Listed below are a number of the largest tales you will have missed in a single day and early this morning:

China alerts readiness for talks if US exhibits respect

Bessent: Not all tariff offers will likely be achieved in 90 days

TV might comply with newspapers if US hits recession: Analyst

World tech shares hunch as ASML warning provides to Nvidia curbs

Mortgage purposes dropped final week as charges shot up

Massive banks have been relying on American prosperity, however volatility works too

Pharma firms anticipated to soak up any tariff hit in brief time period

Massive banks say ‘the sky just isn’t falling’ amid Trump tariff turmoil

Gold breaks $3,300 as increasing commerce struggle bolsters haven demand

Nvidia inventory drops on $5.5B hit from US chip export restrictions

Company insiders flash bullish inventory signal by shopping for into rout
World tech shares drop as ASML warning provides to Nvidia curbs

Bloomberg experiences:

Learn extra right here.
Gold breaks $3,300 as increasing commerce struggle bolsters haven demand

Bloomberg experiences:

Gold (GC=F) surged to a contemporary excessive on haven demand because the greenback fell and tech shares slumped after US President Donald Trump ordered a probe that might open up a brand new entrance within the world commerce struggle.

Bullion gained as a lot as 2.7% on Wednesday to climb above $3,300 an oz. for the primary time, surpassing the earlier file set on Monday. The greenback fell to a contemporary six-month low as merchants have been whiplashed once more by a slew of tariff headlines, with Trump launching an investigation into the necessity for levies on important minerals.

Learn extra right here.
Asian indexes hunch as Nvidia chip restriction makes influence

Asian markets slid late Tuesday into early Wednesday morning as tech inventory throughout the area slumped. New US restrictions on Nvidia chip exports into China shook investor confidence as plunging values dragged main indexes down.

Reuters experiences:

On Wednesday, MSCI’s broadest index of Asia-Pacific shares exterior Japan (9010.HK) fell 1.4%, snapping a four-day profitable streak. Japan’s Nikkei (^N225) dropped 1.6%.

Chinese language blue chips fell 0.7% as buyers failed to search out a lot solace in some stable GDP knowledge that predated the tariff will increase in April. Hong Kong’s Hold Seng (^HSI) slumped 2.7%.

“Each nations appear to consider they’ve the higher hand, probably prolonging the present stalemate for months to come back,” mentioned analysts at PGIM Mounted Earnings in a observe to purchasers.

“China seems to haven’t any intention of climbing down from its present stance on tariffs and as a substitute views the present commerce dynamics as a possibility to make inroads with nations that export to the U.S.”

Learn extra right here.
Gold rises to file excessive as Trump’s commerce struggle pushes havens larger

Gold (GC=F) reached a file excessive following US President Donald Trump’s refusal to start negotiations with China within the ongoing commerce struggle between the world’s two largest economies. As world markets are rattled by the financial push and pull, gold continues to be pushed larger as demand for secure havens drives buyers towards the valuable steel.

Bloomberg experiences:

Learn extra right here.
Tue, April 15, 2025 at 11:58 PM UTC

Trending tickers in after-hours buying and selling

Nvidia Company (NVDA)

Inventory within the beleaguered megacap AI chip maker Nvidia has taken one other hit in after-hours buying and selling following the information that the US authorities has restricted the exports of H20 chips to China. The market is a big purchaser of Nvidia merchandise, with the corporate warning of to a $5.5 billion hit to the corporate’s backside line.

Nvidia dropped over 6% in prolonged buying and selling.

United Airways Holdings, Inc. (UAL)

United Airways inventory soared after beating Q1 income expectations in an early report for the main airline. Earnings estimates sit at $0.91 a share with the corporate declaring snug revenue in a rocky sector as airways have taken a success throughout the begin to the 12 months. United have promised ‘aggressive’ funding in progress resulting in a constructive uptick in investor sentiment.

Shares popped 6.7% in after-hours buying and selling.

Interactive Brokers Group, Inc. (IBKR)

Shares in multinational brokerage agency Interactive Brokers sank in prolonged buying and selling after the corporate missed earnings estimates in Q1 experiences. The inventory worth dropped on after-hours open and continued to sink all through the buying and selling interval, plunging 9.8%.