From Yahoo Finance: 2025-04-16 12:18:00

Major U.S. equities indexes dropped due to semiconductor stocks falling on new chip export restrictions to China. Nvidia and AMD warned of charges after Trump’s move. Gold miners’ shares surged as gold hit a record high. Tech-heavy Nasdaq and S&P 500 declined, while Dow Jones slipped.

Semiconductor stocks like Nvidia and AMD sank after Trump administration curbed exports to China. ASML Holding shares dropped on worse-than-expected earnings. Abbott Laboratories shares rose on better quarterly results. United Airlines reported a profit, boosting its shares. Gold miners surged as gold prices hit a record high.

United Airlines reported record revenue and a profit in the first quarter, leading to a rise in its shares. Newmont, Gold Fields, and other miners’ shares soared as gold prices climbed to a fresh record high. Lyft shares went up as Oppenheimer initiated coverage with an “outperform” rating. Crude oil futures increased, while Treasury yields and the U.S. dollar fell against major currencies. Bitcoin prices rose, while other cryptocurrencies declined.

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