S&p 500 Sees Mixed Day as Investors Digest Tariffs and Earnings
The S&P 500 fell 1.6% on Thursday, Feb. 27, as investors digested President Trump's latest announcement on tariffs and reacted to mixed earnings from major tech stocks. Nvidia led semiconductor and AI stocks lower, while Teleflex shares tumbled after the medical device maker announced plans to split its company in two. Invitation Homes climbed after the real estate investment firm reported better-than-expected earnings as same-store sales grew for the renter of single-family homes.
- The decline of chipmakers like Nvidia may signal a broader industry correction, highlighting the need for investors to reassess their exposure to tech stocks amidst growing trade tensions.
- What implications will the escalating tariffs have on the global semiconductor supply chain, and how might this impact the already fragile relationships between major tech companies?