{"id":20943,"date":"2025-04-16T08:39:50","date_gmt":"2025-04-16T08:39:50","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=20943"},"modified":"2025-04-16T08:39:50","modified_gmt":"2025-04-16T08:39:50","slug":"sp500-pulls-back-as-trade-restrictions-hit-tech","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-latam\/analysis\/sp500-pulls-back-as-trade-restrictions-hit-tech\/","title":{"rendered":"SP500 Pulls Back as Trade Restrictions Hit Tech"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-latam\/wp-content\/uploads\/sites\/23\/2026\/03\/download-7-1-1-1024x559.png\" alt=\"\" class=\"wp-image-17639\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>S&amp;P 500 closes at 5,317.93<\/strong>, down <strong>0.55%<\/strong>, after hitting a low of <strong>5,308.87<\/strong>.<\/li>\n\n\n\n<li><strong>Nvidia slumps over 6%<\/strong> premarket after disclosing <strong>$5.5 billion in lost sales<\/strong> tied to new chip restrictions to China.<\/li>\n\n\n\n<li>Focus turns to <strong>U.S. retail sales, industrial production<\/strong>, and <strong>Fed Chair Powell\u2019s speech<\/strong>.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>U.S. equities retreated on Wednesday as <strong>rising trade tensions and renewed tech sector volatility<\/strong> weighed heavily on sentiment. The <strong>S&amp;P 500 slipped 0.55%<\/strong>, settling at <strong>5,317.93<\/strong>, while Nasdaq futures pointed to sharper losses after Nvidia revealed <strong>major revenue headwinds<\/strong> tied to fresh export restrictions on AI chip sales to China.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Nvidia said it is planning to build AI servers worth as much as $500 billion in the U.S. over the next four years with help from partners such as TSMC, the latest American tech firm to back the Trump administration&#39;s push for local manufacturing. <a href=\"https:\/\/t.co\/vAcckVlvgc\">https:\/\/t.co\/vAcckVlvgc<\/a> <a href=\"https:\/\/t.co\/nby7Gmen8m\">pic.twitter.com\/nby7Gmen8m<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1911898549790392732?ref_src=twsrc%5Etfw\">April 14, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The pressure came largely from <strong>Nvidia<\/strong>, which tumbled over 6% in premarket hours after announcing that <strong>U.S. regulators had <\/strong><strong><a href=\"https:\/\/t.co\/u7Rs6aDkk5\">blocked sales of certain AI chips to China without a license<\/a><\/strong>, in a move expected to reduce quarterly revenue by <strong>$5.5 billion<\/strong>. The shock guidance sent ripples across semiconductor stocks and raised concerns over broader <strong>export restrictions targeting high-tech industries<\/strong>.<\/p>\n\n\n\n<p>As the S&amp;P 500 increasingly tracks heavyweight tech names, <strong>news like this <\/strong><strong><a href=\"https:\/\/t.co\/uX3TENr6J3\">poses disproportionate downside risk<\/a><\/strong>, particularly when sector earnings are under scrutiny and valuation premiums remain elevated.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Macro Catalysts Ahead<\/h2>\n\n\n\n<p>Beyond Nvidia, attention turns to macro fundamentals. <strong><a href=\"https:\/\/t.co\/Mh83CFWwUC\">Retail sales<\/a><\/strong> and <strong>industrial production figures<\/strong> will offer insights into the state of the consumer and factory activity, both of which are crucial for confirming or dispelling recession signals. <strong><a href=\"https:\/\/t.co\/zx3e419voJ\">Fed Chair Jerome Powell<\/a><\/strong> is also set to speak at the <strong>Economic Club of Chicago<\/strong>, and markets will be closely watching for any forward guidance on the <strong>rate path amid sticky inflation and global shocks<\/strong>.<\/p>\n\n\n\n<p>Despite the calm in bond markets, equity volatility may persist if Powell strikes a hawkish tone or economic data disappoints.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>The <strong>SP500<\/strong> has entered a <strong>clear short-term downtrend<\/strong>, with price consistently printing <strong>lower highs and lower lows<\/strong> since the April 16 open. The session high at <strong>5363.38<\/strong> failed to break previous resistance, and price has since slipped to <strong>5308.87<\/strong>, forming a broad descending channel.<\/p>\n\n\n\n<p>All key moving averages (5\/10\/30) are now <strong>angled downward<\/strong>, with the 5MA remaining firmly below the 30MA\u2014a classic bearish alignment. The <strong>MACD<\/strong> histogram shows persistent <strong>negative momentum<\/strong>, and although there was a brief attempt at a bullish crossover, the follow-through was weak, keeping selling pressure in place.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-latam\/wp-content\/uploads\/sites\/23\/2026\/03\/image-17-1024x449.jpg\" alt=\"\" class=\"wp-image-20944\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: SP500 rolls over as selling pressure grinds through short-term support, as seen on the <\/em><em><a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>The current structure shows <strong>5308\u20135310<\/strong> as immediate support. If this level fails, we could see a retest of <strong>5275\u20135285<\/strong>, a region of prior consolidation. On the upside, any bounce would need to break <strong>5350<\/strong> convincingly to reverse sentiment.<\/p>\n\n\n\n<p>For now, tech-sector fragility and geopolitical overhang suggest markets may tread cautiously in the sessions ahead. Watch for broader risk-off flows if chip sector losses deepen or Powell surprises with a hawkish stance.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong> and <\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a><\/strong><strong> now.<\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S&amp;P 500 drops amid renewed trade tensions, a $5.5B warning from Nvidia, and caution ahead of key U.S. economic data and Powell\u2019s remarks. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":2,"featured_media":17639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[44],"tags":[49],"class_list":["post-20943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-indices"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/posts\/20943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/comments?post=20943"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/posts\/20943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/media\/17639"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/media?parent=20943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/categories?post=20943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/tags?post=20943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}