By coinnews 
00:00 Speaker A
It’s time for Yahoo! Finance’s market minute. Stocks plunged as Trump’s tariffs ripped through the global markets. Tech heavy Nasdaq leading that selloff. Chip stocks falling as Trump’s reciprocal tariffs are set to affect the semiconductor supply chain. Nvidia sliding alongside Micron which supplies memory chips for Nvidia’s GPUs. Shares of TSMC, a producer of chips for companies such as Nvidia and Apple, also taking a hit. Big banks feeling the sting as well, Bank of America, JP Morgan, and Citigroup they’re all sliding following the new tariffs. Concerns rising over tariffs leading to higher prices that could weigh on loan growth. And lastly, home builder stocks also struggling here. Trump’s tariff plans potentially threatening the housing recovery while the impact to housing remains to be seen, worries of higher construction costs remain intact. And that’s your Yahoo! Finance market minute. For more on what’s trending on Yahoo! Finance scan the QR code below.