Stocks extending the fall

US stocks are extending their moves to the downside with the NASDAQ index now down -1.10%. Nvidia shares are leading the way with a decline of -3.7% to 1105.84. That comes after a report from Bloomberg that the Biden administration is reining in AI chip sales to the middle east and attempt to thwart transfer to China.

• NASDAQ index is down -200 points or – -1.18%
• S&P index is down -35 points or -0.67%
• Dow Industrial Average was down -371 points or -0.96%

Nvidia’s decline is its worst one day decline since May 1 when the price fell -3.89%

This article was written by Greg Michalowski at www.forexlive.com.