Technology shares were the leading losers among S&P 500 sectors as solid earnings reported by Nvidia late Wednesday were offset by President Trump's confirmation that 25% tariffs on Mexico and Canada are on track to go into effect next week,
Stocks finished sharply lower after President Donald Trump said that Mexico and Canada wouldn't avoid 25% tariffs on imports due to go into effect on Tuesday. Stocks saw a positive start to the week a
Dow, S&P 500, and Nasdaq futures are falling in premarket trading Tuesday. The stock market is reacting after President Donald Trump reiterated tariffs threats to Mexico and Canada.
U.S. stock futures rose on Monday night after President Donald Trump said his tariffs on Canada and Mexico would take effect on Tuesday. Futures tied to the Dow Jones Industrial Average added 87 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures also climbed 0.2%.
Nvidia (NVDA.US) took a severe hit, plunging as much as 10% to bottom at US$112.28 on Monday before closing down 8.7%. The single-day slide wiped US$265 billion off its market value, bringing its total market cap to US$2.
US stocks slid Monday as investors braced for President Donald Trump’s proposed tariffs on Canada, Mexico and China to go into effect by the midnight deadline.
Nvidia shares slid Monday, extending last week's post-earnings losses amid concerns about AI spending and the potential impact of policies on tariffs and AI chip export restrictions.
Once boasting of a market capitalisation in excess of $3 trillion, Monday's slide wiped out another $265 billion from the company's overall value, taking it down to $2.79 trillion. Nvidia shares have slumped 13% since the chipmaker reported earnings last week.
US stocks tumbled after Trump confirms 25% Mexico and Canada tariffs will begin Tuesday. Crypto also gives up gains made on strategic crypto reserve.