US Stocks Mixed as Nasdaq Gains Amid Nvidia Chip Export Reversal, Dow Slides on US CPI

The Dow Jones slid 1% to close at 44,022 points, while the S&P 500 shed 0.4% at 6,243. The Nasdaq added 0.2% at 20,677 points as Nvidia led chipmakers higher on the news that it will soon be able to resume shipments of its AI chips to China. US inflation ticked up in June, indicating the Fed is unlikely to cut interest rates soon.