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US Equity Markets End Lower as Big Tech Stocks Slump, Trump Administration Broadens Some Tariffs

BY MT Newswires | ECONOMIC | 08/19/25 04:13 PM EDT

04:13 PM EDT, 08/19/2025 (MT Newswires) -- US benchmark equity indexes ended lower on Tuesday as big tech stocks slumped and the Trump administration broadened its 50% tariffs on steel and aluminum to over 400 new product categories.

* Housing starts in July rose 5.2% to an annual rate of 1.428 million from the previous month, exceeding Bloomberg's estimate of 1.297 million.

* September West Texas Intermediate crude oil fell $0.93 to settle at $62.49 per barrel, while October Brent crude, the global benchmark, was last seen down $0.68 to $65.92.

* Intel (INTC) shares rose 7% after media outlets reported that US Secretary of Commerce Howard Lutnick confirmed the Trump administration is considering taking up to a 10% equity stake in the chipmaker due to national security concerns. Separately, Intel (INTC) secured a $2 billion equity investment from SoftBank Group at $23 a share.

* Nvidia (NVDA) shares fell 3.5%, and Advanced Micro Devices (AMD) stock dropped 5.4%. The companies recently agreed to pay the US government 15% of revenue from sales of certain artificial intelligence chips to China.

* Palantir Technologies (PLTR) shares fell 9.4%, and Oracle (ORCL) dropped 5.9%, the top decliners on the S&P 500.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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