2 days ago
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Nisha Gopalan
Wed, Apr 16, 2025, 9:18 AM 2 min read
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The large U.S. equities indexes dropped astatine midday Wednesday, arsenic semiconductor stocks tumbled amid worries astir caller spot export restrictions to China.
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Semiconductor stocks sank aft Nvidia and AMD warned they would instrumentality charges aft the Trump medication moved to curb the chipmakers’ exports to China.
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Newmont, Gold Fields and different miners’ shares surged arsenic the terms of golden climbed to a caller grounds high.
The large U.S. equities indexes mislaid crushed astatine midday Wednesday, arsenic semiconductor stocks tumbled amid worries astir caller spot export restrictions to China.
The tech-heavy Nasdaq and the S&P 500 were down 1.9% and 1%, respectively, portion the Dow Jones Industrial Average slipped 0.3%.
ASML Holding (ASML) shares dropped aft the Dutch shaper of semiconductor-producing machinery reported worse-than-expected net and issued a brushed outlook.
Abbott Laboratories (ABT) shares jumped aft the cause and healthcare products shaper reported better-than-expected quarterly results.
United Airlines (UAL) roseate aft it reported that it swung to a nett successful the archetypal 4th connected grounds revenue.
Newmont (NEM), Gold Fields (GFI), and different miners’ shares surged arsenic the terms of golden climbed to a caller grounds precocious arsenic investors flocked to harmless haven assets amid economical uncertainty.
Lyft (LYFT) shares roseate arsenic Oppenheimer initiated sum of the rideshare institution with an "outperform" rating.
Crude lipid futures roseate and the output connected the 10-year Treasury enactment edged lower. The U.S. dollar mislaid crushed against the euro, yen and pound. The terms of Bitcoin climbed, portion prices for galore different large cryptocurrencies fell.
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