The market sold off this morning after President Donald Trump announced sweeping tariffs over the weekend to take effect Tuesday. The broader benchmark S&P 500 fell over 1.7%, as of 9:55 a.m. ET. Meanwhile,

Nvidia stock was dropping Monday. The threat of sweeping tariffs on U.S. imports has raised the prospect of similar levies being imposed on semiconductors.Nvidia shares were down 4.7% at $114.40. The stock fell 3.

Nvidia’s (NVDA) stock price is down at the time of writing as the chipmaker extends last week’s declines. This downturn was triggered by

Nvidia shares fell further below the 200-day moving average in early trades on Monday. President Donald Trump's tariffs on China, Mexico and Canada will go into effect on Tuesday. Late Wednesday last week,

Nvidia was gaining early on Tuesday. The chip maker looks set to gain from the wider market relief around last-minute deals that averted the U.S. putting tariffs on goods imported from Mexico and Canada.