Catenaa, Saturday, April 19, 2025-US stock futures declined late Tuesday as investors reacted to a steep drop in Nvidia shares and braced for key economic data due Wednesday.
The S&P 500 futures fell 0.9%, while Nasdaq 100 futures dropped 1.3%. Dow futures were down about 0.5% following a choppy regular session that saw all three major indexes close in the red. The Dow lost 156 points, or 0.4%, while the S&P 500 and Nasdaq fell 0.2% and slightly less, respectively.
Market volatility has surged since the Trump administration announced sweeping tariffs on April 2. Since then, the S&P 500 has fallen 4.8%, while the Dow and Nasdaq have each dropped around 4.4%.
Traders were rattled Tuesday evening after Nvidia said it would take a $5.5 billion charge due to new export licensing requirements for its H20 chips, affecting sales to China and other countries. Shares slid 6% after hours, fueling concern over the tech sector’s vulnerability to US -China tensions.
Adding to market unease, Dutch chipmaking equipment giant ASML missed Q1 net booking expectations, signaling potential weakness in semiconductor demand.
Investors are now turning to March’s US retail sales report, set for release Wednesday morning. Analysts expect a 1.2% increase, up from February’s 0.2% gain. Results from companies including Travelers, US Bancorp, and Abbott Labs will also guide sentiment.
In Europe, stocks opened lower Wednesday, with Germany’s DAX and France’s CAC 40 both down 1%, reflecting lingering unease over global trade policy and chip sector disruptions.
