April 17, 2025 - 03:35
The stock market faced significant pressure as shares of leading chip manufacturers Nvidia, AMD, and ASML experienced notable declines. The downturn intensified following remarks from Federal Reserve Chairman Jerome Powell, who cautioned that President Trump's tariffs could lead to a "challenging scenario" for the economy and the central bank's monetary policy.
Investors reacted to Powell's comments with caution, leading to a broader sell-off in major market indexes. The uncertainty surrounding trade policies and their potential impact on economic growth has left traders anxious. Analysts suggest that the ongoing volatility in the chip sector reflects broader concerns about supply chain disruptions and rising costs associated with tariffs.
As market participants digest these developments, the focus remains on how these factors will influence future monetary policy decisions. The interplay between trade tensions and economic indicators will be crucial in shaping market sentiment in the coming weeks.
