Not even Nvidia (Nasdaq: NVDA) CEO Jensen Huang could turn these markets around. The markets are stuck in the doldrums on economic uncertainty as the major stock market averages remain mired in selling. All of the sectors of the economy are trading in the red with the exception of healthcare, which is managing modest gains.
Nvidia’s Huang unveiled its latest AI chips, Blackwell Ultra for H2 2025 and Rubin, at the company’s annual tech event, the latter of which will start shipping in 2026. He called himself the “chief revenue destroyer” for telling customers to stop buying Hopper GPUs now that Blackwell is here. Nvidia stock is down about 3% on the day.
The S&P 500 is still veering dangerous close to reentering correction levels, weighed down by Super Micro Computer (Nasdaq: SMCI) and Tesla (Nasdaq: TSLA) with declines of 8% and 5%, respectively.
Here’s a look at where the stock market averages are headed for the day:
Dow Jones Industrial Average: Down 231.57 (-0.55%)
Nasdaq Composite: Down 285.87 (-1.6%)
S&P 500: Down 56.31 (-1%)
The major indices remain lower across the board, with the Nasdaq Composite taking the brunt of the selling for a 1.8% decline. A one-two punch of tariff uncertainty and the Federal Reserve’s monetary policy are spooking the markets today, giving tech leaders nowhere to hide.
Here’s a look at the performance as of morning trading as the major stock market indices widen their losses:
Dow Jones Industrial Average: Down 203.91 (-0.50%)
Nasdaq Composite: Down 324.84 (-1.79%)
S&P 500: Down 208.99 (-1.04%)
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The markets are jittery out of the gate today, with all three of the major stock market indexes starting moving lower. After two straight days of gains, the S&P 500 is retreating as of early morning as it once again threatens to fall into correction turf. The Nasdaq Composite and Dow Jones Industrial Average are also pulling back. The Federal Reserve kicks off its two-day meeting as the markets anxiously await the fate of short-term interest rates on Wednesday. With the exception of energy, all of the sectors of the economy are trading lower, pressured by technology and consumer discretionary stocks.
Nvidia (Nasdaq; NVDA) | NVDA Price Prediction is down a sharp 2.5% ahead of CEO Jensen Huang’s keynote address at the company’s GTC 2025 event. Huang tends to have a bullish effect on the markets, so it wouldn’t be surprising to see a shift in sentiment before the day is over.
Google parent company Alphabet (Nasdaq: GOOGL) is moving today after the search giant confirmed its major acquisition of Wiz, a cloud-security firm, in a blockbuster $32 billion deal. The Magnificent Seven stocks are all under pressure this morning, extending recent losses. Tesla (Nasdaq: TSLA) is taking the brunt of the selling, down another 5.8% on the day. The Nasdaq plans to open a second office in Dallas, Texas to better serve its customers in the Southwestern U.S.
Here’s a look at the performance as of morning trading:
Dow Jones Industrial Average: Down 126 (-0.30%)
Nasdaq Composite: Down 225.82 (-1.25%)
S&P 500: Down 40.02 (-0.70%)
TD Cowen analysts have reiterated their “hold” rating on Warren Buffett’s Berkshire Hathaway (NYSE: BRK-B) stock after shares touched on a new all-time high recently. The analyst firm also lowered its price target on the stock from $741,000 to $723,000, owing to headwinds in key areas of the business outside of insurance.
Bernstein have begun coverage of crypto exchange Coinbase (NYSE: COIN) with an “outperform” rating thanks to “strong regulatory tailwinds” that will help catapult crypto into the mainstream. COIN shares are taking it on the chin today, falling 5%.
Palantir Technologies (Nasdaq: PLTR) is down 5% on the day despite making ARK Invest’s list of top stocks to buy.
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Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
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