SPY News: Stock market today: Dow, S&P 500, Nasdaq smoked as Powell warns of 'challenging' tariff impact, Nvid - 16th Apr 2025, 11:37pm

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US stocks tumbled on Wednesday with tariff fears returning to Wall Street in earnest, as Nvidia (NVDA) revealed costly new curbs on chip exports to China and Fed Chair Jerome Powell warned of the "challenging" impacts to come from the uncertainty around President Trump's trade policy.

The benchmark S&P 500 (^GSPC) dropped more than 2.2% while the Dow Jones Industrial Average (^DJI) shed roughly 700 points, or around 1.7%. The tech-heavy Nasdaq Composite (^IXIC) fell over 3% as the new chip prov...

>>> Read more: Stock market today: Dow, S&P 500, Nasdaq smoked as Powell warns of 'challenging' tariff impact, Nvidia plunges 7%
 
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