Canada's main stock index rose on Wednesday as technology and metal mining shares notched gains, despite confusion around the timing of a deadline for U.S. tariffs on Canadian goods.
· 9h · on MSN
Nvidia Falls 9% As Trump’s Tariffs Pledge Routs Stocks
Nvidia Earnings, Trump on Mexico/Canada Tariffs, More
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· 9h
Nvidia shares fall 9% on tariff fears
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
Wall Street traders rushed to unload stocks after President Donald Trump confirmed that his threatened tariffs on Canada and Mexico would take effect early Tuesday. In recent reports, China has rejected additional tariffs,
Canada's privacy watchdog said on Monday he was seeking a court order against the operator of Pornhub.com and other adult entertainment websites to ensure it obtained the consent of people whose images were featured.
Also in the semiconductor industry, Intel (INTC) gained 1.5% after Nvidia and Broadcom (AVGO) were said to be testing out chip production with the company. Intel was a large recipient of government funding from former President Joe Biden’s CHIPS & Science Act, signed in 2022.
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.
Mizuho analysts warned Friday that Nvidia could face significant new China AI and export license restrictions, potentially reducing revenues by $4 billion to $6 billion in the second half of the year.
The S&P 500 declined on Monday, continuing February's losses as the approaching deadline for Trump's tariff policies intensified concerns.
US stocks fell after Nvidia fails to wow investors. Trump's tariff talk also adds jitters. Inflation data due Friday.
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