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US stocks sink according to NVIDIA warning due to the US export ban

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The US stocks show a lower open, with a warning of chip maker Nvidia weighing on the market.

Nvidia said it would record a fee of 5.5 billion US dollars due to the US export ban on China.

The US government said it would require export licenses for some chips for artificial intelligence from Nvidia and AMD, including “Nvidia H20, AMD MI308 and their equivalents”.

The AMD shares also fell on the requirements and the orders in the first quarter, which made the expectations of the analysts. The company warned that President Donald Trump’s irregular collective bargaining policy creates uncertainty for the industry and that the companies retain expenses.

The decline comes after the shares were lower on Tuesday when investors were brought across the tariffs.

Although Trump showed signs that he sparked his aggressive tariff plan last week with one exception for smartphones, computers and other electronics and defeated temporary liberation for cars, there will be ahead.

At 7:58 a.m., the futures fell with the Blue Chip Dow index by 0.02%, RO 10 points, to 40,565.00, while the width S&P 500-Futures went back to 5,393.00 points by 0.65%or 35.25 points. and technical-hungry Nasdaq futures rose by 1.27%, 241.50 points to 18,718.75 points.

Further winning reports are due on Wednesday. Travelers, US Bancorp, Abbott Labs and Citizens Financial are among the companies that should report the results.

Investors will also see the retail data in March. Economists surveyed by Dow Jones expect an average increase of 1.2% compared to an increase of 0.2% in February. Recently, survey data has shown that consumers are increasingly growing through the economy and inflation, so that investors check whether the poor prospects have settled in fewer expenses.

Corporate messages

  • United Airlines reported adjusted profits in the first three months of the year that the analysts forecasts were.
  • The results of JB Hunt Transport Services in the first quarter exceeded the expectations of the analysts.
  • Interactive brokers missed the profit forecasts in the first three months of the year.

Medora Lee is a money, market and personal financial reporter at USA Today. You can reach them at [email protected] and subscribe to our free daily money newsletter for personal financing tips and business news every Monday to Friday.

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