Nasdaq, S&P 500 slide as tech lags after Trump backs tariff plans
US shares fell on Monday as the specter of tariffs towards Mexico and Canada have been put again on the desk, and buyers awaited this week’s Nvidia (NVDA) earnings.
The Dow Jones Industrial Common (^DJI) was little modified, whereas the S&P 500 (^GSPC) fell 0.5%.
The tech-heavy Nasdaq Composite (^IXIC) fell 1.2% as Microsoft (MSFT), Nvidia (NVDA), and Amazon (AMZN) all declined.
The promoting intensified within the final hour of buying and selling after President Trump mentioned tariffs towards Mexico and Canada would transfer ahead as soon as the one-month delay expires subsequent week.
“The tariffs are going ahead on time, on schedule,” Trump advised reporters on Monday afternoon.
In the meantime, all eyes can be on AI chip heavyweight Nvidia when it studies quarterly outcomes on Wednesday after the bell. Nvidia shares ended the session down
On Monday, Apple (AAPL) shares gained barely after the iPhone maker introduced a $500 billion funding plan within the US over the subsequent 4 years, together with a producing facility in Houston and the hiring of 20,000 new employees.
