From Dow Jones & Company: 2025-04-16 10:51:00

Technology stocks, specifically Nvidia, took a hit after revealing a $5.5 billion impact from restrictions on sales of H20 AI accelerators to China. The Nasdaq dropped 1.9%, S&P 500 down 1.1%, and Dow off by 0.4%. Commerce Department now requires a license to sell H20 chips to China, signaling ongoing struggles for tech companies with Trump administration.

Read more: Nasdaq Slips 1.9% as Tech Leads Broader Market Slide