Market Dips as Trump Extends China Tariff Deadline; Tech Stocks Show Resilience

U.S. equities edged lower on Monday as President TRUMP granted a 90-day extension for heightened tariffs on Chinese imports, deferring a decision originally slated for Tuesday. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite each declined 0.4%, paring earlier gains in tech-heavy indices.

Trade-sensitive sectors remained in focus as negotiations between Washington and Beijing continue. Notably, tech outperformed broader markets, with Apple logging its strongest week since 2020 following White House engagement. Semiconductor firm Nvidia reached record highs amid signals of potential exemptions from chip tariffs.

In a consequential development, Trump confirmed Nvidia's ability to sell its H20 processor to China under revised terms. "This [H20] is an old chip that China already has," the president remarked, suggesting calibrated concessions in the tech trade war.