Major averages decline amid trade tensions
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Business & Economics
Nvidia, AMD see charges due to new China export rules: Morning Buzz
82% Informative
Major averages were broadly lower near noon , with the Nasdaq down over 300 points.
This follows the U.S. government’s decision to tighten export controls on advanced AI -related computer chips.
Gold prices have continued their surge to record highs, crossing the $ 3,300 threshold.
Federal Reserve Chair Jerome Powell is scheduled to speak on the economic outlook.
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