Stocks Fall Sharply as Nvidia’s Selloff Tops 8%: Markets Wrap
- GDP held steady while inflation marked higher at end of 2024
- Trump says Mexico, Canada, China tariffs take effect March 4
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A selloff in the stock market’s most-influential group drove the Nasdaq 100 to its lowest level since November as Nvidia Corp.’s results failed to revive the artificial-intelligence rally.
The S&P 500 fell 1.6%, erasing its gains for 2025. Megacaps bore the brunt of the selling as good-but-not-great numbers from Nvidia Corp. disappointed investors. The chipmaker sank 8.5%. The dollar rose as Donald Trump said 25% tariffs on Canada and Mexico are on track to go into place March 4, and he’d impose an additional 10% tax on Chinese imports.