Tech Trade Tensions: Chipmakers Face New Revenue-Sharing Mandate

Wall Street traders anticipated a calm start to the week as major semiconductor firms, including Nvidia and Advanced Micro Devices, saw their stocks dip. This occurred amid a new policy requiring companies to share 15% of revenue from Chinese sales with the U.S. government.

This policy forms part of a broader trade agreement with China and may influence the economic ties between the world's top economies. Financial markets also anticipated President Trump's sector-specific tariffs, awaiting clarity as the Dow and other indices showed modest gains.

Additional market movements included anticipation of the Federal Reserve's potential rate cuts later this year, following signs of labor market weakness and strong earnings reports. Chipmaker Micron increased its forecasts, while lithium producers saw stock gains due to supply disruptions abroad. In political developments, President Trump planned a meeting with Russian President Putin regarding the Ukrainian conflict.

(With inputs from agencies.)