The Latest Breaking News on US stocks drop after Nvidia warns over hit from controls on China exports

London’s FTSE was retreating during the day, but made headway later in the afternoon following gains from mining and energy stocks.

Apple stock briefly rallied on news that Trump would temporarily exclude consumer electronics products from 125% import taxes levied on China.

Sellers took center stage early Wednesday as news of a possible China trade barrier for Nvidia put a chill on tech firms specializing in artificial intelligence, and the markets in general.

Wall Street fell in opening deals, with Nvidia shares tanking by more than six percent, and the dollar and US government bonds were under pressure again.

The dollar index (DXY00 ) today is down by -0.70%. The dollar is under pressure today as the tit-for-tat trade war with China erodes confidence in the dollar after the US government barred Nvidia from selling its H20 chips to China. The US tariff turmoil diminishes the dollar's reserve-currency status...

Nvidia pulled Wall Street lower on Wednesday after the tech giant said new restrictions on exports to China will chisel billions of dollars off its results.

The Trump administration has effectively barred Nvidia from selling its custom artificial intelligence processors to customers in China.

The S&P 500 Index ($SPX ) (SPY ) today is down -1.24%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.98%. June E-mini S&P futures (ESM25 ) are down -1.25%, and June E-mini Nasdaq futures...

Tesla declined early Wednesday after Reuters reported Trump tariffs have made the EV giant pause component shipments.