U.S. Stock Market Summary for Wednesday, April 16, 2025
Major Indices U.S. equities tumbled sharply on Wednesday as trade tensions with China escalated and concerns over monetary policy direction deepened. All major indices closed lower: S&P 500 : -2.24% → 5,275.70 Dow Jones Industrial Average : -1.73% → 39,669.39 Nasdaq-100 : -3.04% → 18,257.64 Russell 2000 : -1.03% → 1,863.48 Year-to-date, the Nasdaq-100 and Russell 2000 remain deeply in negative territory, down 15.6% and 16.4% , respectively. Market Overview Investor confidence was rattled after the U.S. government announced new export restrictions on AI chips to China , primarily affecting Nvidia , which warned of a potential $5.5 billion revenue loss . The chipmaker’s stock plunged nearly 9% , erasing approximately $250 billion in market capitalization. AMD followed suit, falling 7.4% on a projected $800 million impact. Further pressuring markets, Federal Reserve Chair Jerome Powell signaled heightened inflation risks due to new tariffs under President Tr...