The Nasdaq and the S&P 500 slump as Biden's new AI rules rattle Nvidia and other tech stocks

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The Nasdaq and the S&P 500 slump as Biden's new AI rules rattle Nvidia and other tech stocks

Quartz01-13

Photo: Michael M. Santiago (Getty Images) The Nasdaq and S&P 500 fell Monday morning as a continued selloff in tech stocks extended losses sparked by stronger-than-expected job reports. Shortly ...

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Santiago (Getty Images)\n \n\nThe Nasdaq and S&P 500 fell Monday morning as a continued selloff in tech stocks extended losses sparked by stronger-than-expected job reports.\nShortly ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nasdaq-p-500-slump-bidens-145400978.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Nasdaq and the S&P 500 slump as Biden's new AI rules rattle Nvidia and other tech stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Nasdaq and the S&P 500 slump as Biden's new AI rules rattle Nvidia and other tech stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-01-13 22:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/nasdaq-p-500-slump-bidens-145400978.html><strong>Quartz</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Photo: Michael M. Santiago (Getty Images)\n \n\nThe Nasdaq and S&P 500 fell Monday morning as a continued selloff in tech stocks extended losses sparked by stronger-than-expected job reports.\nShortly ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nasdaq-p-500-slump-bidens-145400978.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/nasdaq-p-500-slump-bidens-145400978.html","article_id":"2503581261","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503581261","pubTimestamp":1736780040,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The Nasdaq and S&P 500 fell Monday morning as a continued selloff in tech stocks extended losses sparked by stronger-than-expected job reports.Shortly after the market opened, the Dow Jones Industrial Average added 0.08%, while the Nasdaq and S&P 500 dropped 1.6% and 0.8%, respectively. 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Santiago (Getty Images)\n \n\nThe Nasdaq and S&P 500 fell Monday morning as a continued selloff in tech stocks extended losses sparked by stronger-than-expected job reports.\nShortly after the market opened, the Dow Jones Industrial Average added 0.08%, while the Nasdaq and S&P 500 dropped 1.6% and 0.8%, respectively. Meanwhile, the 10-year Treasury yield climbed to a fresh high of 4.77% in the morning. Oil prices also surged 1.6%, with West Texas Intermediate reaching $77.7 per barrel, marking their highest levels since early October.\nThis week holds significant events, including earnings reports from JPMorgan Chase (JPM) and Goldman Sachs (GS) on Wednesday, followed by Taiwan Semiconductor (TSM) and UnitedHealth (UNH) on Thursday.\nOn the macroeconomic front, investors will keep an eye on the key inflation indicators, the consumer price index (CPI) and producer price index (PPI), this week.\nNvidia fell following new AI rules\nShares of Nvidia (NVDA) fell 3.7% on Monday as the Biden administration unveiled rules to regulate chip sales to foreign countries.\nThe White House published a swath of new guidelines early Monday to curb the sale of AI chips from U.S. firms such as Nvidia to specific countries and companies. The administration said the rules would “strengthen U.S. security and economic strength.”\nSeveral AI-related stocks were also down in premarket trading, including Super Micro Computer (SMCI), Micron (MU), and Palantir (PLTR), with declines of 10%, 5.7%, and 4.3%, respectively.\nModerna plunges 23% following earnings\nShares of biotechnology company Moderna (MRNA) plunged more than 23% after the company slashed its sales guidance for the year. Moderna now projects 2025 revenue between $1.5 billion and $2.5 billion, a significant downgrade from its earlier forecast of $2.5 billion to $3.5 billion posted in September.\nLululemon jumps on revenue outlook \nShares of Lululemon (LULU) surged 2.5% after the company raised its fourth-quarter earnings and revenue outlook, citing stronger-than-expected performance during the holiday season. The retailer now anticipates sales between $3.56 billion and $3.58 billion, up from its previous forecast of $3.48 billion to $3.51 billion. The update is a positive development for investors, as the athletic apparel company has faced sluggish sales over the past year.\n— Rocio Fabbro contributed to the article\n For the latest news, Facebook, Twitter and Instagram.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}