US Stock Market Declines Amid New Chip Restrictions

The US stock market faced a significant downturn following new chip restrictions from the Trump administration. The Nasdaq dropped 3.07%, while concerns about inflation and economic slowdown were voiced by Fed Chair Jerome Powell in Chicago.


US Stock Market Declines Amid New Chip Restrictions

The U.S. stock market had a difficult day following announcements of new chip restrictions by the Trump administration. This caused sharp declines in semiconductor manufacturing companies, with the Nasdaq dropping 3.07%, the S&P 500 down 2.24%, and the Dow Jones down 1.73%.

At an economic forum in Chicago, Fed Chairman Jerome Powell stated that the tariffs imposed by the Trump administration are higher than expected, which could result in higher inflation and a slowdown in economic growth.

In Europe, the day ended oppositely, with Spain's IBEX 35 rising 0.49%, London's FTSE 100 increasing by 0.32%, and Germany's DAX advancing by 0.27%.

In Mexico, the IPC of the Mexican Stock Exchange rose 0.71%, while the FTSE-BIVA of the Institutional Stock Exchange increased by 0.65%.

In the international oil market, the price of West Texas Intermediate (WTI) increased by 0.48% and Brent by 1.82%, driven by positive economic data in China that could boost demand for this energy source.