NASDAQ rebounded from session lows and moved higher after Trump denied he planned to fire Powell. ASML, which was down by 8%, was the worst performer in the NASDAQ index today. The stock suffered a sell-off as the company cut 2026 growth outlook due to tariffs.

Dow Jones futures edged lower after hours, along with S&P 500 futures and Nasdaq futures. United AirlinesUAL reported mixed results late Wednesday. NvidiaNVDA and AMD chipmaker Taiwan SemiconductorTSM headline earnings early Thursday with NetflixNFLX due after the close.

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This was the stock's third consecutive day of losses.

US stock market started the week on a weak note as Dow Jones fell 160 points after President Donald Trump announced fresh tariffs on 14 countries, including Japan, South Korea, and Bangladesh. The market dip deepened as Tesla shares plunged 7% following Elon Musks America Party announcement.

Nvidia ( NVDA 4.08%) became the first company to reach $4 trillion in market cap on Wednesday -- an incredible feat considering the company was worth a fraction of tech giants Apple and Microsoft just a few years ago.

This was the stock's third consecutive day of losses.

ASML dived on guidance before the openOn Tuesday, Nvidia, AMD and CoreWeave jumped on AI news, but masked broader stock market weakness.