As New York Bags They closed on Wednesday (16) falling, amid the renewed pressure of the US government in his trade war against China, which cloudy the scenario for monetary policy, as evidenced by Federal Reserve President Jerome Powell in the afternoon.
The negative highlight of the day was the technology actionswho plummeted after the Nvidia Announce that you will now need to obtain a license to export your Graphic Processing Units (GPUS) to China.
Dow Jones fell 1.73%at 39,669.33; S&P 500 retreated 2.24%at 5,275.70; and Nasdaq plummeted 3.07%at 16,307.16 points.
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Earlier, US retail sales in March surprised positively, with analysts identifying early purchases of some products in the risk of tariffs.
Nvidia fell 6.87%, attenuating Baixa, which was 10%, after revealing that sales of its H20 chips to China will require an “indefinite” license from the US Department of Commerce. The information was confirmed by the US government.
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Other chip manufacturers also recorded falls. Broadcom and Micron Technology retreated 2.4% and Advanced Micro Devices (AMD) had a decline of 7.3%.
The US government will also require License to export AI M308 Chips from AMD. The company said an initial assessment indicates that the requirement could result in charges of up to $ 800 million.
Against the market, Hertz’s shares jumped 56.4% after the Hedge Bill Ackman Square Pershing Square, revealed to have taken a significant stake in the vehicle rental.
