Search This Blog
money saving tips for canadians, best saving tips for canadians of all ages. MoneySavings and Canadian news, financial news
Featured
article
- Get link
- X
- Other Apps
Market Turmoil: US-China Chip Feud Sends Stocks Tumbling
The stock market took a hit on Wednesday as tensions between the US and China over semiconductor trade reignited concerns among investors. Futures for the Dow Jones Industrial Average fell 0.7%, while the S&P 500 and Nasdaq 100 each dropped 0.4%.
The latest dispute stems from US restrictions on AI chip exports to China, which Beijing has criticized as a threat to recent trade negotiations. Nvidia CEO Jensen Huang called the curbs a "failure," arguing they have only strengthened Chinese alternatives while costing American firms billions in lost revenue.
Adding to market jitters, Target (TGT) reported disappointing quarterly earnings, missing Wall Street expectations and cutting its full-year outlook. The retailer declined to confirm whether it would follow Walmart in passing tariff-related costs onto consumers.
Meanwhile, concerns over the US deficit and debt levels have pushed Treasury yields higher, with the 30-year yield climbing above 5% and the 10-year yield surpassing 4.5%. The dollar also weakened, hitting a two-week low as traders eyed potential policy shifts at the ongoing G-7 meeting.
With geopolitical tensions, economic uncertainty, and corporate earnings all weighing on sentiment, investors are bracing for further volatility in the days ahead.
Popular Posts
Trump's Six Words: "I'm Going to Stop the Wars"
- Get link
- X
- Other Apps
Fiscal Challenges Ahead: U.S. Bonds Face Uncertainty Under Trump’s New Term
- Get link
- X
- Other Apps
Comments
Post a Comment