Tech Woes Hit Nasdaq as Investors Await Nvidia Earnings
US stocks slid into the close on Monday as investors weighed the prospects of President Donald Trump's tariff policies, with tech shares taking a hit. The Dow Jones Industrial Average was little changed, while the S&P 500 fell 0.5% and the Nasdaq Composite fell 1.2%. Stocks' comeback attempt fizzled after Friday's steep declines capped a losing week, marked by data showing American consumers and businesses are becoming concerned about Trump's tariff plans.
- The uncertainty surrounding trade policies highlights the risks faced by tech companies like Nvidia when dealing with government regulations and tariffs, which could have far-reaching implications for the industry.
- Will this trend of volatility in the tech sector lead to a broader correction in the market, or will investors remain cautious despite the recent rebound in some stocks?