Stocks slide deeper into the red after Fed chair’s ‘stagflation’ warning reignites tariff fears

Quick Summary:

A tech selloff led the major indexes lower, while the Fed chair's warning on tariffs accelerated trade war fears.

China retaliated last week by imposing a 125% tariff on U.S.goods.

Nvidia lost 9% after the chipmaker revealed Donald Trump's restrictions would cost the chipmaker $5.5 billion.

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Article Details

Author / Journalist: Irina Ivanova

Category: EconomyBusiness

Markets: United StatesChina

Topics: DJIA New York Stock Exchange Markets Tech stocks NASDAQ

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 20:09:54 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 363 words

Reading Time: 3 minutes read

Sentences: 5 lines

Sentence Length: 73 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27955442

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 48 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 12 hours ago

Coverage Areas: United States

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Publisher ID: #95

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