US Stocks Sell Off Amid Tariff Concerns
US stocks slid on Monday as investors weighed President Donald Trump's plans to impose tariffs on Mexico and Canada, sending the tech-heavy Nasdaq Composite into a tailspin. The Dow Jones Industrial Average and the S&P 500 followed suit, with the latter falling 0.5% in a session marked by data showing growing concern over Trump's tariff policies. The looming threat of tariffs on Nvidia's AI chips also weighed on investors' minds as the chipmaker prepares to report its quarterly results.
- Investors would do well to consider the broader implications of Trump's trade policy on global supply chains, particularly in the tech sector where timely delivery of parts is crucial for meeting production goals.
- How will the impact of these tariffs on Nvidia's earnings and the broader tech industry play out in the coming weeks and months?