Powell spooks markets, chip stocks fall: Market takeaways
News from chip giants Nvidia (NVDA), AMD (AMD), and ASML (ASML) was weighing on stocks since the market open. However, the major indexes took another leg lower after Federal Reserve Chairman Jerome Powell warned that President Trump's tariffs could create a "challenging scenario" for the central bank. Yahoo Finance Markets Reporter Josh Schafer shares some of his takeaways from the trading day. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.