Stocks tumble anew as Nvidia, Powell raise alarms over trade policies [MSNBC.com]
JP Morgan Chase & Co. (JPM)
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Source: MSNBC.com
A series of fresh trade warnings barreled into Wall Street on Wednesday, pushing down the three major U.S. stock indexes in the latest sign of turbulence from White House policies.The trading day opened with a selloff as two AI chipmakers warned separately that U.S. export controls would drive up their costs. Later in the day, Federal Reserve Chairman Jerome Powell's comments that tariffsthreaten to fuel inflationNvidiasaid late TuesdayNvidia's stock closed 7% lower Wednesday as investors dumped shares of the company, along with those of fellow chipmakers and many other tech firms. AMD, one of Nvidia’s top competitors, also shed more than 7% after the companydisclosedThe tech-heavy Nasdaq closed 3% lower Wednesday, while the S&P 500 declined 2.2%. The Dow Jones Industrial Average fell 1.7%, or 700 points.Investors were still digesting the chip industry warnings when Federal Reserve Chairman Jerome Powell said in public remarks Wednesday afternoon that White House tariff policies could
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JPM
Earnings
- 10/14/25 - Beat
JPM
Sec Filings
- 12/16/25 - Form 424B2
- 12/16/25 - Form 424B2
- 12/16/25 - Form 424B2
- JPM's page on the SEC website