Tech tremors rattle Wall Street

Shares of major global technology companies such as Apple, Microsoft, TSMC, NVIDIA and Amazon plunged again this morning due to uncertainty over tariffs imposed by the United States on products imported from China.

Dow Jones Index Hangs On TSMC Earnings to Resist Slip. Will It Hold?

The Dow Jones Index recorded a second successive loss-making session on Wednesday as tech stocks selloff injected a bearish momentum in the market. The decline was underpinned by Nvidia’s filing statement that the US Government henceforth requires it to obtain permits for its H20 chips exports to China. The AI tech giant revealed that the restriction could cost it $5.5 billion, and the news sent its stock down by 6.87%. Another GPU chips giant, …

Summary: The Nasdaq-100 collapsed by 4.1% on April 16, 2025, with 99 of the 100 components in negative territory The main causes are the new US restrictions on semiconductor exports to China and the hawkish comments by Jerome Powell Nvidia and AMD announced major financial impacts ($5.5 billion and $800 million respectively) related to export controls Powell warned that tariffs could create tensions between the Fed's two mandates (price stabilit…

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Tech tremors rattle Wall Street

US markets closed sharply lower on Wednesday, with tech stocks bearing the brunt of investor anxiety over tariff risks and corporate earnings shocks. The Dow Jones Industrial Average dropped nearly 700 points, or 1.73%, to finish at 39,669. The S&P 500 fell 2.24% to 5,275, while the Nasdaq Composite plunged 3.07% to 16,307 — dragging the tech-heavy index closer to bear market territory. Nvidia warning triggers chip sector retreat The sell-off wa…

New Wall Street crash after Nvidia sank at more than -10%. The Dow Jones left 1.73% at 39,669.39, the Nasdaq lost 3.04% at 16,312.51 points and the S&P 500 fell 2.24% to 5,275.70 points.