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Fortune

Jim Edwards

Global stocks decline as U.S. imposes ban on Nvidia exports to China

Nvidia China SP United States

A sign for a Nvidia building (Credit: AP Photo—Jeff Chiu, File)

U.S. markets were mixed yesterday. Nvidia stock fell 5.7% in after-hours trading after the White House restricted its trade with China. Bank of America, Citigroup, and Netflix all saw gains, while news that China would pause purchases from Boeing caused its shares to fall 2%. The result: Stocks are down across Asia and Europe this morning, and U.S. futures are too.

The S&P 500 closed down 0.17% yesterday; the index is down 8.25% year to date. S&P futures were trading down 0.68% this morning, pre-opening bell.

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