US Stock Futures, Nikkei Slip Amid Fresh Nvidia Headwinds: Dollar Continues To Lose Steam

  • Facebook.
  • Twitter.
  • LinkedIn.
  • Print

U.S. stock futures slipped Tuesday night, amid fresh tariff-related uncertainties and headwinds for semiconductors spooking tech stocks, as investors await crucial retail sales data and more prominent earnings this week.

The S&P 500 Futures are down 0.88%, trading at 5,380, followed by the tech-heavy Nasdaq Futures at 18,678, down 1.48%, and Dow Jones Futures down 0.41%, at 40,410 points, at the time of writing.

See More: Bank Of America CEO Says Consumers Are ‘Resilient,’ While Business Owners ‘Worried’ As ‘We Face A Changing Economy’

Asian markets opened lower, with the Nikkei 225 benchmark down 0.45% in early morning trade, following a two-day winning streak, after taking cues from Wall Street on Tuesday, with electronics components and semiconductor stocks leading the decline.

The U.S. Dollar Index is down 0.34%, trading at 99.87 following a rally on Tuesday that saw the index rebound from a three-year low of 99.6.

Markets are jittery following Nvidia Corp. ( NVDA )‘s warning that the U.S. government’s decision to block the sale of some of its AI chips to China will result in a $5.5 billion earnings hit during the current quarter, leading to a pullback in the stock in after-hours trading.

Investors are waiting for the March retail sales data on Wednesday, and several other earnings releases over this week, such as Netflix Inc. ( NFLX ) , UnitedHealth Group Inc. ( UNH ) , and American Express Co. ( AXP ) .

Photo Courtesy: Vinnikava Viktoryia On Shutterstock.com

Read More: Trump Tariffs May Not Ignite Inflation After All, Says Yardeni

  • Facebook.
  • Twitter.
  • LinkedIn.
  • Print
close
Please enter a valid e-mail address
Please enter a valid e-mail address
Important legal information about the e-mail you will be sending. By using this service, you agree to input your real e-mail address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an e-mail. All information you provide will be used by Fidelity solely for the purpose of sending the e-mail on your behalf.The subject line of the e-mail you send will be "Fidelity.com: "

Your e-mail has been sent.
close

Your e-mail has been sent.