Shares of Nvidia and other big chip companies pulled back, the day after a historic rally for the sector, as investors got back to playing offense.

US stocks saw strong gains slip away and end lower. Reciprocal tariffs, as is, are set for just after midnight, dampening optimism for lower levies,

U.S. stock futures fell sharply on Sunday evening as the Trump administration showed no signs of backing off from a wide-ranging plan to impose tariffs.

One thing contributing to the drop is the 2024 election which brought Donald Trump back to the Oval Office. Trump's 125% tariff on China could raise Nvidia's prices.

Equities extended their losing streak as VOO, SPY hit bear market territory intraday. - Bond ETFs also dropped as Trump threatens more China tariffs. - Recession and interest rate hike fears pushed investors into buffer ETFs: Innovator.

Analysts expect solid EPS growth over the coming years. EPS is expected to grow to nearly $30 this year and double in around 5-6 years. Revenue is also expected to grow 13% this year to $452 billion and keep growing around 7-10% annually on average in the coming years.

Shares of Tesla (NASDAQ: TSLA) are rebounding on Wednesday. The electric vehicle (EV) stock gained 5.2% as of 1:05 p.m. ET after gaining 6.4% earlier in the day. The bounce comes as the S&P 500 and Nasdaq Composite were green even as more retaliatory tariffs on the U.

The tariff shock and recession fears that have sent world stocks into a tailspin over the last week are rolling into corporate funding markets, raising the cost of borrowing and disrupting financing plans even for lower-risk companies.