Tech Stocks Falter but Dow Jones Turns Green, BoC Meeting Ahead
From Investing.com: 2025-04-16 08:55:00
Tech stocks globally fell after new restrictions were imposed on Nvidia’s chip exports to China. The S&P 500 dropped 1.5% and Nvidia shares fell 6% in premarket trading. European markets felt pressure, with ASML shares plunging over 7%. In the European session, market moves were more measured as hopes grew for possible talks on reciprocal tariffs. Bitcoin prices are back above $3300, with risks elevated due to potential US-China trade tensions. President Trump is set to negotiate tariffs with Japan, while the Bank of Canada is expected to announce a rate decision. Dow Jones Index continues to hold high ground despite trade tensions, with key levels to watch for support and resistance.
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