The US stock market dipped on Monday due to geopolitical tensions, the upcoming Fed rate decision, and pending inflation data. The S&P 500 and Nasdaq Composite indexes both traded 0.4% lower. Nvidia, a popular tech company, saw its share price drop as China launched an investigation into the chipmaker for suspected anti-monopoly law violations. This probe comes after President Joe Biden implemented restrictions on semiconductor exports to China to limit their access to advanced AI technology. China has also recently banned exports of rare minerals and imposed sanctions on US defense firms and executives, indicating a potential supply chain war. Nvidia has not made any public statements on the probe and its shares were trading 2.4% lower.



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