Markets take a beating as Powell raises tariff concerns, crypto stays strong

American actions plunged on Wednesday while Nvidia reported $ 5.5 billion in charges related to China and that the president of the Fed Powell warned that prices could stimulate inflation and slow growth.

American actions fell on Wednesday as investors reacted to the new American restrictions on flea exports to China and the new warnings of the president of the Federal Reserve Jerome Powell on the economic risks of President Trump’s pricing policies.

The S&P 500 fell by around 2.2%, while the industrial average of Dow Jones dropped 1.7%. The Nasdaq composite slipped by about 3%, approaching Bear market territoryand was taken lower by strong losses in the technological sector.

Nvidia’s shares plunged almost 10% after the company revealed It would take an accusation of $ 5.5 billion due to new export edges imposed by the United States government. The rules affect its H20 graphic processors, a key product for the Chinese market.

Other flea manufacturers have also decreased, with AMD down 8%, Micron down 3% and ASML shares sliding more than 7% after low profits.

Despite the sale of the market, Bitcoin (BTC) remained near the fork of $ 84,000, showing resilience.

Powell inflation concerns

In a speech At the Chicago Economic Club, Powell said the central bank would expect more clarity before adjusting interest rates, warning that prices could lead to “higher inflation and slower growth”.

He added that the Fed could face a “difficult scenario” if its stable and full -employed price goals are conflict.

Retail data has shown a 1.4% increase in March, the strongest in two years, suggesting that consumers can rush to buy goods before prices take effect.

While the Trump administration delayed prices for some countries, China was not included. Treasury secretary Scott Bessett said Additional clarity on commercial policy could emerge within 90 days, although China indicates that talks require to meet certain conditions.