Dow Jones futures fell on Tuesday, following the announcement of new tariffs by President Donald Trump. The decline came ahead of Federal Reserve Chairman Jerome Powell’s Congressional testimony over the next two days. Nvidia (NVDA) stock surged 2.9% on Monday, closing just shy of a key resistance level – the 50-day moving average line. This level is considered crucial for potential future movement.
Chairman Powell’s testimony will likely influence market sentiment and could impact various stocks. Investors closely monitor the Federal Reserve’s actions, as they can significantly affect interest rates and the overall economic environment. The ongoing market volatility also raises questions about the performance of individual companies like Tesla (TSLA) and other tech giants.
Several other headlines from major news sources are listed below, but their relevance to this article is limited:
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– Tesla Rival Launches 21 Self-Driving EV Models With Nvidia Chips
Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-nvidia-stock-nvda-powell