Nvidia drags the Nasdaq down 3% and the Dow drops 700 points as stocks tumble on trade war woes
U.S. markets fell sharply Wednesday, with chip stocks leading the retreat as U.S.-China trade tensions spooked investors. The tech-heavy Nasdaq closed down 3.1%, the S&P 500 lost 2.2%, and the Dow Jones Industrial average fell 700 points, or 1.7%. Losses rippled across sectors, dragging the Russell 2000 down 1.4%.