{"id":49293,"date":"2025-04-17T03:28:51","date_gmt":"2025-04-17T08:28:51","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-turbulence-continues-stocks-plunge-amid-trade-war-concerns-and-tech-sector-woes\/49293\/"},"modified":"2025-04-17T03:28:51","modified_gmt":"2025-04-17T08:28:51","slug":"market-turbulence-continues-stocks-plunge-amid-trade-war-concerns-and-tech-sector-woes","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-turbulence-continues-stocks-plunge-amid-trade-war-concerns-and-tech-sector-woes\/49293\/","title":{"rendered":"Market Turbulence Continues: Stocks Plunge Amid Trade War Concerns and Tech Sector Woes"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-turbulence-continues-stocks-plunge-amid-trade-war-concerns-and-tech-sector-woes\/49293\/#Major_Indexes_Tumble_as_Nvidia_News_Rattles_Markets\" >Major Indexes Tumble as Nvidia News Rattles Markets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-turbulence-continues-stocks-plunge-amid-trade-war-concerns-and-tech-sector-woes\/49293\/#Tech_Giants_Face_Export_Restrictions_and_Earnings_Challenges\" >Tech Giants Face Export Restrictions and Earnings Challenges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-turbulence-continues-stocks-plunge-amid-trade-war-concerns-and-tech-sector-woes\/49293\/#Key_Earnings_Releases_Today\" >Key Earnings Releases Today<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-turbulence-continues-stocks-plunge-amid-trade-war-concerns-and-tech-sector-woes\/49293\/#Fed_Chair_Powell_Comments_on_Tariffs_and_Economic_Uncertainty\" >Fed Chair Powell Comments on Tariffs and Economic Uncertainty<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-turbulence-continues-stocks-plunge-amid-trade-war-concerns-and-tech-sector-woes\/49293\/#Upcoming_Market_Events_and_Economic_Indicators\" >Upcoming Market Events and Economic Indicators<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-turbulence-continues-stocks-plunge-amid-trade-war-concerns-and-tech-sector-woes\/49293\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Tumble_as_Nvidia_News_Rattles_Markets\"><\/span>Major Indexes Tumble as Nvidia News Rattles Markets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The stock market is experiencing significant volatility today, Thursday, April 17, 2025, as major indexes continue their downward trend amid escalating trade tensions and disappointing tech sector news. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> is down 2.2% after falling as much as 3.3% earlier in the session, while the <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average has dropped 699 points (1.7%), and the tech-heavy Nasdaq Composite has plunged 3.1%.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>This market turbulence follows yesterday&#8217;s session where the S&#038;P 500 sank to 5,275.70, the Dow fell to 39,669.39, and the Nasdaq dropped to 16,307.16. The decline represents a continuation of the chaotic swings that have upended Wall Street in recent weeks, primarily driven by President Trump&#8217;s tariff announcements and their potential impact on global trade.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Giants_Face_Export_Restrictions_and_Earnings_Challenges\"><\/span>Tech Giants Face Export Restrictions and Earnings Challenges<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>) shares have fallen 6.9% after the company announced that the U.S. government is restricting exports of its H20 chips to China. This restriction could result in a substantial $5.5 billion hit to Nvidia&#8217;s first-quarter results, covering charges related to inventory and purchase commitments.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>Similarly, Advanced Micro Devices (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMD\">AMD<\/a>) has seen its stock sink 7.3% following news that U.S. limits on exports to China for its chips may mean a hit of up to $800 million for inventory and other charges.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p><b>The semiconductor sector is facing particular pressure as trade tensions between the U.S. and China intensify, with ASML&#8217;s stock dropping 5.2% in Amsterdam despite continued demand for AI technology.<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Earnings_Releases_Today\"><\/span>Key Earnings Releases Today<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several major companies are reporting earnings today, which could further impact market sentiment:<\/p>\n<p>&#8211; UnitedHealth Group (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=UNH\">UNH<\/a>) is expected to report Q1 earnings of $7.29 per share, representing a 5.21% increase compared to the same quarter last year.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>&#8211; American Express (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AXP\">AXP<\/a>) is anticipated to report earnings of $3.54 per share, a 3.90% increase from the previous year.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>&#8211; Taiwan Semiconductor Manufacturing Company (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSM\">TSM<\/a>) is projected to report earnings of $2.05 per share, a remarkable 47.10% increase year-over-year.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>&#8211; Other notable companies reporting today include Charles Schwab (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SCHW\">SCHW<\/a>), Blackstone (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=BX\">BX<\/a>), Truist Financial (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TFC\">TFC<\/a>), and D.R. Horton (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DHI\">DHI<\/a>).<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Fed_Chair_Powell_Comments_on_Tariffs_and_Economic_Uncertainty\"><\/span>Fed Chair Powell Comments on Tariffs and Economic Uncertainty<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Federal Reserve Chair Jerome Powell has added to market concerns by stating that Trump&#8217;s tariffs appear to be more significant than initially expected, potentially slowing economic growth and raising inflation. Powell emphasized that the Fed will need more time before deciding whether to adjust interest rates, noting that the economic effects of the tariffs remain &#8220;highly uncertain.&#8221;<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p><b>&#8220;We&#8217;re thinking now, really before the tariffs have their effects, about how they might affect the economy. That&#8217;s why we&#8217;re waiting really to see what the policies ultimately are, and then we can make a better assessment of what the economic effects will be,&#8221; Powell stated.<\/b><cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events_and_Economic_Indicators\"><\/span>Upcoming Market Events and Economic Indicators<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are closely watching for the release of March&#8217;s retail sales report, with economists anticipating a 1.2% increase month-over-month, up from a 0.2% climb in February. This data is particularly significant as it may indicate how consumers are responding to inflation concerns and economic uncertainty.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>Additionally, industrial and manufacturing production data will be released, providing further insights into the health of the U.S. economy amid growing trade tensions.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook\"><\/span>Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The World Trade Organization has warned that current tariffs could cause a 0.2% decline in the volume of world merchandise trade for 2025, with the potential for a 1.5% contraction if conditions worsen.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>A survey of global fund managers by Bank of America found that expectations for recession are at the fourth-highest level in the last 20 years, highlighting growing pessimism about economic prospects.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>As uncertainty persists, Treasury yields have eased in the bond market, with the yield on the 10-year Treasury falling to 4.28% from 4.35% late Tuesday, indicating that investors are seeking safer assets amid market volatility.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Tumble as Nvidia News Rattles Markets The stock market is experiencing significant volatility today, Thursday, April 17, 2025, 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