Wall Street Slides as Nvidia Drops 8.5%

Wall Street ended Thursday’s session in the red as investors reacted to tariff comments from President Donald Trump and a sharp decline in Nvidia’s stock following its quarterly earnings report.

The Dow Jones Industrial Average fell 0.45% to 43,239.50, while the S&P 500 dropped 1.59% to 5,861.57. The Nasdaq Composite took the biggest hit, sliding 2.78% to 18,544.42, reflecting a broader sell-off in the tech sector.

Tariff Concerns & Nvidia’s Plunge

White House economic advisor Kevin Hassett had suggested that the administration’s tariff decision on Mexico and Canada would be based on an April 1 study. However, Trump later reaffirmed that tariffs would take effect on March 4, unnerving investors.

Meanwhile, Nvidia (-8.48%) tumbled despite posting better-than-expected earnings and strong guidance. Analysts pointed to concerns over its gross margin forecast, which fell short of some expectations, triggering profit-taking after its massive rally.

Tech stocks bore the brunt of the sell-off, with the sector losing 3.79%. In the Dow Jones, Salesforce (-3.89%), Amazon (-2.62%), and Microsoft (-1.80%) also saw significant declines, following Nvidia’s slump.

Oil Prices Surge on Venezuela Sanctions

Crude oil prices rallied sharply Thursday, driven by a technical rebound and the U.S. government’s cancellation of Chevron’s license to operate in Venezuela.

• Brent crude (April delivery) rose 2.08% to $74.04 per barrel.
• West Texas Intermediate (WTI, April delivery) gained 2.52% to $70.35 per barrel.

The move further tightened global supply, adding to concerns in the energy market.