The US is considering new restrictions on chip sales to China, adding to existing concerns about competition from Chinese AI models.
Fed rate decision, stock market updates: Dow, Nasdaq, S&P 500 slip, Nvidia falls as Fed leaves rates unchanged Tech stocks led markets lower on Wednesday as the broader mood stayed muted after the Federal Reserve's latest interest rate decision saw the central bank keep rates unchanged in a range of 4.25%-4.5%.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the “Neutral” zone on Wednesday. U.S. stocks settled lower on Wednesday after the Federal Reserve left interest rates unchanged at its recent policy meeting.
U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September
Nasdaq 100 dips as Powell’s Fed decision, Nvidia’s AI battle, and key earnings from Microsoft, Tesla, and Meta set the market tone. Volatility ahead!
Investors also assessed a return to a tougher tone on tariffs from President Donald Trump, ahead of the start of a Federal Reserve meeting
S&P 500 futures are gaining 0.1%. Dow Jones Industrial Average futures are down 0.1%. Nasdaq 100 futures are up 0.4%. On Monday, the Dow Jones Industrial Average rose 289 points, or 0.65%, to 44,714,
Rebounding tech stocks drove U.S. indexes higher a day after they tumbled on doubts about the artificial intelligence frenzy.
Nvidia, which designs chips used in AI applications, clawed back gains of 8.9% on Tuesday, leaving it well below last week’s levels. All three major indices on Wall Street finished higher, with the Nasdaq Composite rising 2.
The selloff could provide traders an attractive entry opportunity in higher-beta altcoins such as Solana's SOL, which endured a double-digit pullback, one analyst said.
US stocks and shares in chip-making giant Nvidia steadied Tuesday following a sell-off that was triggered by the sudden success of Chinese AI firm DeepSeek. Read more at The Business Times.