Stock Market Today: Tech slumps on Trump Taiwan, Biden tariff risks
Political risks are set to hit markets hard Wednesday, following another set of fresh record highs for the three major indices.
Remember back for updates worldwide the buying and selling day
U.S. stocks slumped in early Wednesday buying and selling, even as the greenback retreated and Treasury yields rallied, as traders reacted to presidential front-runner Donald Trump's Taiwan-great suggestions that rattled global markets.
Updated at 9:forty three AM EDT
Opening slump
The S&P five hundred became marked Fifty two capabilities cut back, or Zero.ninety one%, inside of the gap minutes of buying and selling, with the Nasdaq down 316 capabilities, or 1.7%, with chips stocks massive the declines.
The Philadelphia Semiconductor Area index, the chip sector benchmark, became closing considered three.Four% cut back on the session, with Nvidia down Four.Four% and AMD down 6.25%.
S&P five hundred Opening Bell Heatmap (Jul. 17, 2024)$SPY -Zero.Eighty 4%
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