Icon close
change language change language English

The Rise Of STARTRADER

One Of The
World’s Fastest Growing Brokerage

The Rise Of STARTRADER

One Of The
World’s Fastest Growing Brokerage

Daily Fundamental Update: U.S. Indices Fell on Tuesday as Nvidia Stocks Dropped More Than 6%

Wednesday April 16 2025 08:14
U.S. Indices Fell on Tuesday as Nvidia Stocks Dropped More Than 6%

U.S. stock futures declined ahead of retail sales data

Dow Jones Industrial Average futures fell 0.5%, while S&P 500 futures and Nasdaq 100 futures dropped 0.9% and 1.5%. And Nvidia shares fell 6% after announcing a $5.5 billion charge related to China exports.

Markets have been volatile since Trump’s April 2 tariff announcement, with major indices down over 4%.

Today, US retail sales data for the month of March will be published with economists expecting 1.2% growth amid consumer concerns about inflation and the economy.

Gold prices hit a new record high of $3,261.62 per ounce amid tariff concerns. Analysts expect prices to reach $3,400 as investors shift to gold with growing market risks.

China’s Economy Growth is Better than Expected

China’s economy grew 5.4% in the first quarter of 2025, showing resilience despite U.S. tariff threats affecting growth forecasts. Growth exceeded Reuters’ poll expectations of 5.1%, building on late 2024’s recovery through stimulus measures.

March retail sales in the country  grew 5.9% year-on-year passing 4.2% estimates. Industrial output rose 7.7%, above 5.8% forecasts.

Fixed asset investment in the first quarter of the year increased 4.2%, slightly above 4.1% estimates. Real estate investment fell 9.9%, while infrastructure and manufacturing improved.

The bureau reported a “good and steady start” with growing innovation impact. DeepSeek, a Chinese startup, achieved an AI breakthrough rivaling OpenAI in January.

×
Open Live Account

Start trading with A globally leading broker

Want to start trading?

STARTRADER

Online Trading App

Online App Score
Install
Customer Service
Customer Service