Chinese growth held steady in the first quarter, but is likely to slow as Trump's tariffs and the U.S.-China trade war heat up. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

Asia-Pacific markets fell this morning after the U.S. barred Nvidia from shipping its H20 AI chip to China, intensifying the trade war between Washington and Beijing. Semiconductor companies declined more broadly on Trump's tightened export controls on Nvidia.

Global chip stocks slumped on Wednesday after Washington curbed exports of an AI chip Nvidia had tailored for China, further cutting off the crucial growth market for semiconductors in a move that will cost the AI pioneer $5.