Nvidia leads declines in technology stocks, pulling Wall Street lower

News Snapshot:

NEW YORK (AP) — Nvidia is pulling Wall Street lower after it said new restrictions on exports to China will chisel billions of dollars off its results, but other U.S. stocks are holding a bit steadier. The S&P 500 was down 0.9% in early trading Wednesday. The Dow Jones Industrial Average slipped 131 points, or 0.3%, while the Nasdaq composite fell 1.7%. Nvidia sank after saying the U.S. government is restricting exports of its H20 chips to China, citing worries that they could be used to build a supercomputer. The limits could shave roughly $5.5 billion off Nvidia’s results for...