Technology shares were the leading losers among S&P 500 sectors as solid earnings reported by Nvidia late Wednesday were offset by President Trump's confirmation that 25% tariffs on Mexico and Canada are on track to go into effect next week,

Stocks finished sharply lower after President Donald Trump said that Mexico and Canada wouldn't avoid 25% tariffs on imports due to go into effect on Tuesday. Stocks saw a positive start to the week a

The stock of chipmaker Nvidia (NVDA) declined 9% on March 3 to finish trading at its lowest level in six months and erasing $265 billion from

Nvidia (NVDA.US) took a severe hit, plunging as much as 10% to bottom at US$112.28 on Monday before closing down 8.7%. The single-day slide wiped US$265 billion off its market value, bringing its total market cap to US$2.

Nvidia shares slid Monday, extending last week's post-earnings losses amid concerns about AI spending and the potential impact of policies on tariffs and AI chip export restrictions.

Once boasting of a market capitalisation in excess of $3 trillion, Monday's slide wiped out another $265 billion from the company's overall value, taking it down to $2.79 trillion. Nvidia shares have slumped 13% since the chipmaker reported earnings last week.