Stock market news today: Nasdaq sinks over 2% as China curb risk rattles techs

US stocks were mixed Wednesday, with the Nasdaq dropping sharply as techs came under dual pressure from worries about US export curbs on China and Donald Trump's stance on Taiwan. The Dow Jones Industrial Average rose about 0.3%. The S&P 500 fell more than 1%, while the tech-heavy Nasdaq Composite sank by about 2.3%. Stocks are pulling back as concerns about risks to tech names eclipse the high hopes for interest-rate cuts that have fueled the rally in recent days.

The Biden administration has told allies it's looking at imposing tougher restrictions on companies still making advanced chip technology available to China despite existing export curbs, Bloomberg reported. Shares of ASML , cited as a potential target, dropped over 10% after the Dutch chip gear maker posted solid quarterly earnings.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Stock market news today: S&P 500, Nasdaq futures tumble as China curb risk rattles techsTechs were under dual pressure from worries about US export curbs on China and Donald Trump's stance on Taiwan.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market news today: Nasdaq futures tumble as China curb risk rattles techsTechs were under dual pressure from worries about US export curbs on China and Donald Trump's stance on Taiwan.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market today: S&P 500, Nasdaq hover near records as Nvidia becomes most valuable stockTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market today: Stock futures steady as S&P 500, Nasdaq try to build on recordsA consequential week that could provide key signals for the near-term path of interest rates.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »

Stock market today: Nvidia rebound fuels Nasdaq rally as Dow falls 300 pointsStocks are hoping to add a punchline to what's been a high-flying quarter thus far.
Источник: YahooFinanceCA - 🏆 47. / 63 Прочитайте больше »