LIVE MARKETS-Nasdaq down more than 1% early; Nvidia leads way lower

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NASDAQ DOWN MORE THAN 1% EARLY; NVIDIA LEADS WAY LOWER

The S&P 500 .SPX and Nasdaq .IXIC are lower in early trading on Wednesday, with the Nasdaq down more than 1% and with Nvidia NVDA.O and megacaps shares leading the way lower.

Shares of Nvidia are down 4.7% early. Tesla TSLA.O is down 5.1% after rising sharply in recent days.

Investors are digesting the latest economic data including a report showing orders for long-lasting U.S. manufactured goods unexpectedly rose in February as businesses rushed to place orders for primary metals and fabricated metal products ahead of tariffs.

Uncertainty is high as more news on tariffs is expected.

In England, the government's independent fiscal watchdog said U.S. President Donald Trump's threats to impose new reciprocal tariff rates next week on countries around the world could cut British economic growth by up to 1%.

Here is the morning market snapshot:

(Caroline Valetkevitch)

FOR WEDNESDAY'S EARLIER LIVE MARKETS POSTS:

CHINESE BIOTECHS RIDING THE 'DEEPSEEK SENTIMENT' WAVE, MACQUARIE ANALYSTS SAY - CLICK HERE

IF NEW HIGHS ARE IN THE CARDS, NYSE COMPOSITE MIGHT HAVE THE UPPER HAND - CLICK HERE

U.S. EQUITY UNDERPERFORMANCE TO PERSIST THROUGHOUT 2025 SAY JPM - CLICK HERE

NO "NASTY SURPRISES" in CPI FOR REEVES AHEAD OF BUDGET UPDATE - CLICK HERE

DIFFICULT DAYS ARE BACK FOR DOLLAR BEARS - CLICK HERE

DECLINES AS HEALTHCARE AND AUTOS LEADS LOSSES - CLICK HERE

EUROPE BEFORE THE BELL: GAINS AHEAD OF UK BUDGET UPDATE - CLICK HERE

LOOKING TO APRIL 2 WITH TREPIDATION - CLICK HERE