Stocks tank on a double whammy of tariff warnings from the Fed and Nvidia
Fed Chair Jerome Powell warned of a "challenging scenario" sparked by the Trump administration's tariff policies if they're fully enacted.
Watch These Nvidia Stock Price Levels as Chip Export Curb Set to Hit Earnings
Nvidia shares tumbled nearly 7% Wednesday after the company said it’s set to take a $5.5 billion charge as a result of U.S. restrictions on exports of its AI chips to China. Monitor these levels.
Stocks, dollar drift as US-Japan trade talks in focus
Asian equities edged higher on Thursday, while the dollar firmed slightly as traders took stock of trade negotiations between the U.S. and Japan even as uncertainties around tariffs implemented by President Donald Trump kept sentiment fragile. Investors were also digesting comments from Federal Reserve Chair Jerome Powell, who warned of the risk of slowing growth and rising prices due to tariffs, while gold prices scaled record highs again on safe-haven flows. Japan's Nikkei rose 0.7% while the yen weakened as Japan kicked off talks with the United States.
Resist the urge to buy the dip in stocks because recession risk is still being ignored, research firm says
Investors are acting complacent and "significantly underpricing" the risk of an imminent recession, the strategist Daniel von Ahlen said.
TSMC forecast lifts gloomy mood in chip stocks, tariff worries linger
SINGAPORE (Reuters) -Taiwan's TSMC on Thursday lifted some share prices in Asia and Europe amid U.S. President Donald Trump's fast-evolving trade policies by providing an upbeat forecast, a day after warnings from Nvidia and ASML rocked chip stocks. Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, reported better-than-expected quarterly profit on Thursday and maintained its full-year outlooks for both revenue and capital spending. Shares of Japanese tech companies and some European firms rose after the TSMC results, which were announced after Taiwan stock markets closed.
Here is how much the Magnificent 7 lost after stocks tanked over tariff warnings from the Fed and Nvidia
Investors were rattled on Wednesday as dual tariff related news from Nvidia and the Fed trigger a sharp stock sell-off.
The Post-Covid Era of Ultra-Calm Markets Is Over
Investors are abandoning go-to strategies like “buy the dip” and snapping up bearish bets, bracing for more volatility.
Stock market today: Dow, S&P 500, Nasdaq futures waver with tariff concerns back in focus
US stock futures traded flat on the heels of a bruising day on Wall Street that underscored fears over the economic impact of President Trump's tariffs.
Despite quarterly loss and battered stock, Triumph Financial stays aggressive
Even in the midst of a sharp drop in his company’s stock price and a freight market that is not supporting the bottom line at Triumph Financial, CEO Aaron Graft touted milestones reached and signaled a new aggressiveness in pricing the company’s products. In his quarterly letter to investors released in conjunction with the company’s […] The post Despite quarterly loss and battered stock, Triumph Financial stays aggressive appeared first on FreightWaves.
Tariff-wounded stocks find no balm with Powell remarks
NEW YORK (Reuters) -Investors who may have been hoping the Federal Reserve is poised to come to the aid of tariff-rattled markets took away an unwelcome message from the central bank's chief on Wednesday: the Fed may be in a bind. Fed Chair Jerome Powell said the central bank would wait for more data on the economy's direction before changing interest rates. Speaking to the Economic Club of Chicago, he noted that there was a potentially tough situation developing for the Fed in which inflation is pushed higher by tariffs while growth and potentially, employment, weaken.