S&P 500 falls as Nvidia slip, rising yields overshaddow quarterly earnings
Investing.com -- The S&P 500 fell Monday as investor sentiment was soured by Nvidia-led weakness in chip stocks and a jump in Treasury yields following stronger retail sales data that boosted bets on a Fed rate hike by year end.Treasury yields continued their surge higher, with the yield on the 2-year treasury rising to a 17-year high after better-than-expected retail sales pointed to ongoing economic strength, suggested the Fed still has more work to do.
The tighter restrictions would now include Nvidia’s A800 and H800 chips, the lower performance GPUs, that Nvidia devised after the initial U.S. exports last October.
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