US stocks (^DJI, ^IXIC, ^GSPC) close Tuesday's session lower with the Nasdaq Composite falling by over 1% and the Dow Jones Industrial Average falling 324 points. Market Domination Overtime's Julie Hyman recaps the day's market moves and how the Biden administration's proposed export controls on AI chip sales could be weighing on tech-heavy indexes, while Yahoo Finance markets and data editor Jared Blikre monitors the sector action as more Big Banks report third quarter earnings this week. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan.
ASML stock tumbles after the Dutch manufacturer of chip-making equipment cuts 2025 sales guidance, Nvidia falls on a report that says U.S. officials are considering capping sales of advanced AI chips to certain countries, and UnitedHealth trades lower after reporting an increase in medical costs.
Taiwan Semiconductor's leadership in AI and chip technologies makes it a solid buy ahead of its Q3 earnings report.