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
High tariffs on all goods from Mexico and Canada have put the US stock markets under pressure. For Nvidia, accusations from Singapore are making matters worse.
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.