Stock market today: Dow, S&P 500, Nasdaq slide as Nvidia's dive weighs on tech

3 days ago 9

Updated Wed, Apr 16, 2025, 6:49 AM 2 min read

A caller filing from Nvidia connected Tuesday showed that the US authorities has required licenses for exports to China of the company's H20 artificial quality chip. The spot elephantine said the determination would effect successful $5.5 cardinal successful charges. A akin filing from AMD said the institution expects to incur costs up to $800 cardinal from the caller export controls, prompting shares to dive 6%.

Meanwhile, tariffs connected cardinal imports stay up successful the air. Exemptions from car duties are reportedly nether consideration, portion the eventual destiny of precocious paused tariffs connected user electronics is unknown. At the aforesaid time, the Trump medication is mounting the signifier for caller levies connected pharmaceutical and semiconductor imports, arsenic good arsenic captious minerals.

Read more: The latest connected Trump's tariffs

The aboriginal of tariffs affecting US trading partners is likewise murky. The president has touted ongoing negotiations with countries, different than China, since instituting a 90-day intermission connected astir "reciprocal" tariffs past week.

In an exclusive interrogation with Yahoo Finance connected Tuesday, Treasury Secretary Scott Bessett said helium expects to spot "substantial clarity" connected tariffs with large US trading partners, excluding China, implicit the adjacent 90 days. For its part, China said Wednesday it is unfastened to US talks, but lone nether definite conditions.

On Wednesday, Census Bureau information showed retail income roseate much 1.4% successful March, matching forecasts and serving arsenic the champion speechmaking successful implicit 2 years successful the latest motion of the US economy's resilience earlier this month's sweeping reciprocal tariff announcements.

In commodities, golden (GC=F) reached a caller grounds arsenic the escalating commercialized warfare betwixt the US and China pushes investors towards harmless havens. Bullion pushed past $3,300 an ounce for the archetypal clip precocious Tuesday.

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Nvidia banal dives arsenic chipmaker sees $5.5 cardinal deed from 'surprise' China spot controls

Yahoo Finance's Laura Bratton reports:

Nvidia (NVDA) banal sank astir Wednesday aft the AI chipmaker disclosed that it would instrumentality a $5.5 cardinal deed from the US government’s astonishment caller controls connected its semiconductor exports to China.

Nvidia said successful a regulatory filing precocious Tuesday nighttime that the US authorities informed the institution that it would necessitate a peculiar licence for exports of its H20 chips made specifically for the Chinese market.

Notably, nary licenses for GPU shipments into China person ever been granted fixed the US government’s interest that the chips could beryllium utilized to physique AI supercomputers successful the country. Jefferies expert Blayne Curtis wrote successful an investigation pursuing the quality the latest regularisation is efficaciously a ban.

Read much here.
New China spot controls nonstop tech assemblage sliding 2% astatine the open

US banal futures fell connected Wednesday aft Nvidia (NVDA) revealed costly caller curbs connected spot exports to China, and investors grappled with uncertainty implicit President Trump's commercialized policy.

The benchmark S&P 500 (^GSPC) dropped astir 0.9% portion the Dow Jones Industrial Average (^DJI) astir 150 points, oregon astir 0.3%. The tech-heavy Nasdaq Composite (^IXIC) fell astir 1.7% arsenic the caller spot provisions weighed connected the tech sector. The Information Technology assemblage (XLK) fell much than 2% astatine the open.
AMD banal sinks arsenic caller US export controls could outgo up to $800 million

AMD banal rapidly mislaid much than 7% successful premarket trading connected Wednesday arsenic the chipmaker said the US government's caller export controls could outgo it "up to astir $800 cardinal successful inventory, acquisition commitments and related reserves."

AMD's regulatory filing follows the likes of Nvidia, which said it could instrumentality up to a $5.5 cardinal hit.
Retail income surge 1.4% successful March, astir since Jan. 2023, successful latest motion of US economy's spot earlier tariffs

Retail income roseate much 1.4% successful March, matching forecasts and serving arsenic the champion speechmaking successful implicit 2 years successful the latest motion of the US economy's resilience earlier this month's sweeping reciprocal tariff announcements.

Headline retail income roseate 1.4%% successful March, matching economists expectations, and good supra the 0.2% summation seen successful February according to Census Bureau data. This was the champion monthly summation since January 2023.

The power radical successful Thursday's release, which excludes respective volatile categories and factors into the gross home merchandise (GDP) speechmaking for the quarter, roseate 0.4%. Economists had expected a 0.6%. The metric's February emergence was revised higher to 1.3% from a anterior speechmaking of 1%.

March sales, excluding car and gas, roseate 0.8%%, supra statement estimates for a 0.6% increase.

Read much here.
Big banks support 'the entity is not falling' amid Trump tariff turmoil. So far.

Yahoo Finance's David Hollerith reports:

Read much here.
United Airlines issues 2 nett forecasts, banal rises premarket

United Airlines (UAL) banal climbed much than 7% successful premarket trading aft the institution bushed net expectations and said bookings stay stable.

The hose maintained its full-year forecast and provided a secondary forecast should the system instrumentality a crook for the worse. Like Delta (DAL), United said it would dilatory its capableness maturation aboriginal this year.

It is "impossible to foretell this twelvemonth with immoderate grade of confidence," United said successful its release.

Shares of Delta, Southwest (LUV), and American Airlines (AAL) roseate successful sympathy connected Wednesday morning.

Read much here.
Good morning. Here's what's happening today.

Economic data: Retail income (March); NAHB Housing Market Index (April); Industrial production, (March); MBA owe applications, (April 11)

Earnings: Abbott (ABT), Alcoa (AA), ASML (ASML), Citizens Financial Group (CFG), Progressive (PGR), Synovus (SNV), Travelers (TRV), US Bancorp (USB)

Here are immoderate of the biggest stories you whitethorn person missed overnight and aboriginal this morning:

China signals readiness for talks if US shows respect

Bessent: Not each tariff deals volition beryllium done successful 90 days

TV could travel newspapers if US hits recession: Analyst

Global tech stocks slump arsenic ASML informing adds to Nvidia curbs

Mortgage applications dropped past week arsenic rates changeable up

Big banks were counting connected American prosperity, but volatility works too

Pharma companies expected to sorb immoderate tariff deed successful abbreviated term

Big banks accidental 'the entity is not falling' amid Trump tariff turmoil

Gold breaks $3,300 arsenic expanding commercialized warfare bolsters haven demand

Nvidia banal drops connected $5.5B deed from US spot export restrictions

Corporate insiders flash bullish banal motion by buying into rout
Global tech stocks driblet arsenic ASML informing adds to Nvidia curbs
Gold breaks $3,300 arsenic expanding commercialized warfare bolsters haven demand

Bloomberg reports:

Gold (GC=F) surged to a caller precocious connected haven request arsenic the dollar fell and tech stocks slumped aft US President Donald Trump ordered a probe that could unfastened up a caller beforehand successful the planetary commercialized war.

Bullion gained arsenic overmuch arsenic 2.7% connected Wednesday to ascent supra $3,300 an ounce for the archetypal time, surpassing the erstwhile grounds acceptable connected Monday. The dollar fell to a caller six-month debased arsenic traders were whiplashed again by a slew of tariff headlines, with Trump launching an probe into the request for levies connected captious minerals.

Read much here.
Asian indexes slump arsenic Nvidia spot regularisation makes interaction

Asian markets slid precocious Tuesday into aboriginal Wednesday greeting arsenic tech banal crossed the portion slumped. New US restrictions connected Nvidia spot exports into China shook capitalist assurance arsenic plunging values dragged large indexes down.

Reuters reports:

On Wednesday, MSCI's broadest scale of Asia-Pacific shares extracurricular Japan (9010.HK) fell 1.4%, snapping a four-day winning streak. Japan's Nikkei (^N225) dropped 1.6%.

Chinese bluish chips fell 0.7% arsenic investors failed to find overmuch solace successful immoderate coagulated GDP information that predated the tariff increases successful April. Hong Kong's Hang Seng (^HSI) slumped 2.7%.

"Both countries look to judge they person the precocious hand, perchance prolonging the existent stalemate for months to come," said analysts astatine PGIM Fixed Income successful a enactment to clients.

"China appears to person nary volition of climbing down from its existent stance connected tariffs and alternatively views the existent commercialized dynamics arsenic an accidental to marque inroads with countries that export to the U.S."

Read much here.
Gold rises to grounds precocious arsenic Trump's commercialized warfare pushes havens higher

Gold (GC=F) reached a grounds precocious pursuing US President Donald Trump's refusal to statesman negotiations with China successful the ongoing commercialized warfare betwixt the world's 2 largest economies. As planetary markets are rattled by the economical propulsion and pull, golden continues to beryllium pushed higher arsenic request for harmless havens drives investors toward the precious metal.

Bloomberg reports:

Read much here.
Tue, April 15, 2025 astatine 11:58 PM UTC

Trending tickers successful after-hours trading

Nvidia Corporation (NVDA)

Stock successful the beleaguered megacap AI spot shaper Nvidia has taken different deed successful after-hours trading pursuing the quality that the US authorities has restricted the exports of H20 chips to China. The marketplace is simply a immense purchaser of Nvidia products, with the institution informing of to a $5.5 cardinal deed to the company's bottommost line.

Nvidia dropped implicit 6% successful extended trading.

United Airlines Holdings, Inc. (UAL)

United Airlines banal soared aft beating Q1 gross expectations successful an aboriginal study for the large airline. Earnings estimates beryllium astatine $0.91 a stock with the institution declaring comfy nett successful a rocky assemblage arsenic airlines person taken a deed during the commencement to the year. United person promised 'aggressive' concern successful maturation starring to a affirmative uptick successful capitalist sentiment.

Shares popped 6.7% successful after-hours trading.

Interactive Brokers Group, Inc. (IBKR)

Shares successful multinational brokerage steadfast Interactive Brokers sank successful extended trading aft the institution missed net estimates successful Q1 reports. The banal worth dropped connected after-hours unfastened and continued to descend passim the trading period, plunging 9.8%.