Bessent: Global Oil Market Well Supplied as U.S. Eyes Hormuz Navigation Control 
Aluminum Prices Surge Toward Four-Year Highs After Gulf Smelter Strikes 
Asian Stocks Rebound as Trump Delays Iran Strike Deadline 
Oil Prices Slip as Trump Extends Iran Ceasefire Deadline Amid Ongoing War Fears 
Russell 1000 Companies Hit $2.2T Cash Record While Aggressively Reinvesting in Growth 
Gold Prices Rise Amid Geopolitical Tensions and Safe Haven Demand 
Google's TurboQuant Sends South Korean Chip Stocks Tumbling Amid AI Memory Demand Fears 
Oil Prices Surge Amid Middle East Tensions as Houthi Attacks Escalate Conflict 
U.S. Treasury Eyes Private Credit Oversight Through Insurance Regulator Talks 
France's 2025 Budget Deficit Shrinks More Than Expected, Easing Fiscal Pressure 
Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears 
South Korea March Exports Expected to Surge to Near Five-Year High Amid AI-Driven Chip Demand 
NASDAQ Tech Selloff: Correction or Collapse? What Analysts Are Saying 
WTO Digital Trade Moratorium Expires Amid Stalled Negotiations 
Bank of Japan Faces Rate Uncertainty Amid Middle East Oil Shock 
Australia's Energy Crisis: Free Public Transport as Fuel Shortages Bite 
U.S. stock index futures dropped Tuesday evening, led by steep losses in the tech sector after Nvidia warned of a major earnings impact from new U.S. export restrictions to China. S&P 500 Futures fell 0.8% to 5,384.00, Nasdaq 100 Futures declined 1.3% to 18,718.75, and Dow Jones Futures dropped 0.4% to 40,414.00.
Nvidia (NASDAQ:NVDA) tumbled 6% in after-hours trading after revealing it would take a $5.5 billion charge due to tighter U.S. government curbs. The company now needs a license to export its popular H20 AI chips to China, triggering a broad sell-off in semiconductor and AI stocks. AMD (NASDAQ:AMD) plunged nearly 7%, while Intel (NASDAQ:INTC) and Broadcom (NASDAQ:AVGO) lost 1.9% and 3.4%, respectively. TSMC (NYSE:TSM), a key Nvidia supplier, dropped 2%.
The broader tech sector also took a hit, with Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA) shedding over 1% each. Investors remain cautious over potential supply chain disruptions from escalating U.S.-China trade tensions, which are seen as a threat to global tech firms.
Wall Street ended Tuesday slightly lower as uncertainty surrounding former President Donald Trump's tariff plans, especially on electronics and pharmaceuticals, kept markets jittery. The S&P 500 closed down 0.2% at 5,396.60, the Nasdaq dipped to 16,823.17, and the Dow fell 0.4% to 40,368.96.
Investors are now eyeing upcoming earnings from ASML (AS:ASML), Abbott Laboratories (NYSE:ABT), and Progressive Corp (NYSE:PGR), as well as key U.S. economic data, including retail sales and industrial production. Federal Reserve Chair Jerome Powell is also scheduled to speak, potentially offering further clues on monetary policy.
