Reported 2 days ago
U.S. stock markets suffered significant losses on Wednesday, with the Dow falling around 700 points and the Nasdaq down over 3%, as Fed Chair Jerome Powell expressed concerns about the 'challenging' impacts of tariffs and Nvidia announced a substantial $5.5 billion charge due to new U.S. export restrictions on its chips to China. The Federal Reserve noted a 'wait for greater clarity' before making any policy changes amid rising inflation and slowing growth concerns.
Source: YAHOO