US stocks fall under pressure from tech company losses — Investing

US stocks fell on Tuesday evening, led by declines in shares of technology companies, Investing reported. The S&P 500 index dropped 0.8% to 5,384 points.

Nvidia, a leading tech company known for its artificial intelligence chips, warned of a significant drop in profits due to new US restrictions on exporting these chips to China. Shares of the States corporations fell 6% in after-hours trading, pulling down other chip makers such as Intel (-1.9%), Broadcom (-3.4%), and AMD (-7%). Shares of technology giants Apple and Tesla also declined more than 1%.

Market sentiment was also pressured by continued uncertainty over US trade policies and geopolitical tensions, particularly concerning electronics and pharmaceuticals. US-China relations remain a source of concern for investors, who fear that a protracted confrontation threatens world economic growth and global supply chains, Investing's experts noted.