Market Slump Ahead of Inflation Data as Trump Extends China Tariff Deadline
Equities declined across major indices as investors braced for a critical inflation report. The Dow Jones Industrial Average dropped 0.5%, while the S&P 500 and Nasdaq Composite slipped 0.2% and 0.3% respectively. Market sentiment wavered following reports of a 90-day extension on heightened China tariffs.
The White House confirmed Nvidia would maintain limited chip sales to China under revenue-sharing terms, though restrictions remain on next-generation technology. Semiconductor stocks showed muted reaction, with both Nvidia and AMD closing marginally lower.
Trade policy continues to dominate market narratives, with new sweeping tariffs taking effect last week. Tomorrow's inflation data may reveal early impacts of these measures on domestic price pressures.
