US stock futures weaker after Nvidia warning due to US export ban

2 months ago 25

Medora Lee, USA TODAY

Wed, Apr 16, 2025, 5:05 AM 2 min read

U.S. banal futures are pointing to a little open, with a informing from spot shaper Nvidia weighing connected the market.

Nvidia said it volition grounds a $5.5 cardinal charge due to the U.S. export prohibition connected its H20 spot for China.

The U.S. authorities said it would necessitate export licenses for immoderate artificial-intelligence chips made by Nvidia and AMD, including "NVIDIA H20, AMD MI308, and their equivalents."

AMD shares besides fell connected the request arsenic good arsenic first-quarter orders that fell beneath analysts' expectations. The institution warned that President Donald Trump’s erratic tariff policies were creating uncertainty for the manufacture and companies were holding backmost spending.

The diminution comes aft stocks drifted little connected Tuesday arsenic investors remained connected borderline implicit tariffs.

Even though Trump showed signs of softening his assertive tariff program with an exemption past week for smartphones, computers and different electronics and floated a impermanent exemption for autos, the medication continues to beryllium amadamant much tariffs are coming soon.

At 7:58 a.m. ET, futures tied to the blue-chip Dow scale fell 0.02%, ro 10 points, to 40,565.00, portion wide S&P 500 futures dropped 0.65%, oregon 35.25 points, to 5,393.00; and tech-heavy Nasdaq futures slipped 1.27%, 241.50 points, to 18,718.75.

More net reports are owed connected Wednesday. Travelers, U.S. Bancorp, Abbott Labs, and Citizens Financial are among the companies are slated to study results.

Investors volition besides get to spot March retail income data. Economists polled by Dow Jones expect, connected average, a 1.2% increase, up from a 0.2% summation successful February. Lately, survey information person shown consumers increasing progressively gloomy astir the system and ostentation truthful investors volition beryllium looking to spot if that mediocre outlook has translated into little spending.

Achi (the canine from the celebrated dogwifhat meme) is seen astatine the opening doorbell of the New York Stock Exchange successful New York, connected January 23, 2025. Dogwifhat (WIF) is simply a Solana-based dog-themed memecoin that was launched successful November 2023. It features a Shiba Inu wearing a knitted chapeau arsenic its mascot. (Photo by TIMOTHY A. CLARY / AFP) (Photo by TIMOTHY A. CLARY/AFP via Getty Images)

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Medora Lee is simply a money, markets, and idiosyncratic concern newsman astatine USA TODAY. You tin scope her astatine [email protected] and subscribe to our free Daily Money newsletter for idiosyncratic concern tips and concern quality each Monday done Friday.

This nonfiction primitively appeared connected USA TODAY: US banal futures driblet aft Nvidia informing owed to US export ban

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