All three major US stock indexes were down in late-morning trading Monday, extending February's losses as the White House's tariff policies continue to rattle markets.

In company news, Taiwan Semiconductor Manufacturing (TSM) plans to invest $100 billion in US-based chip manufacturing plants over the next four years under a plan expected to be announced by President Donald Trump on Monday, The Wall Street Journal reported, citing people familiar with the matter. TSMC confirmed to MT Newswires that Chairman and Chief Executive Dr. C.C. Wei will be at the White House on Monday but was "not able to confirm anything else at this time." TSMC shares were down 1.4% around midday.

Ford Motor (F) said Monday that February vehicle sales fell 8.9% year over year to 158,675 units. Sales of hybrid vehicles rose by 27.5% from the year-ago period to 15,357 units, while electric vehicle sale rose by 15% to 7,326. Internal combustion vehicle sales dropped by 12.7% to 135,992, Ford said. Ford shares were up 1.3%.

Nvidia (NVDA) and Broadcom (AVGO) are conducting manufacturing tests with Intel (INTC), Reuters reported Monday, citing two sources familiar with the matter. The two tests, using Intel's 18A manufacturing process, suggest that the companies are evaluating whether to commit to large-scale manufacturing contracts with Intel, according to the report. Advanced Micro Devices (AMD) is also assessing whether Intel's 18A process suits its needs, though it is not clear if it has sent test chips, the sources reportedly told Reuters. Nvidia and Broadcom shares were down 4.4% and 2.1%, respectively. Intel and AMD shares were up 3.4% and 1.2%, respectively.

Kroger (KR) said Monday that Chairman and CEO Rodney McMullen has left the company after an investigation found that his personal conduct was inconsistent with the supermarket chain's ethics policy. Ronald Sargent, who has been Kroger's lead director since 2017, has been named board chairman and interim CEO, the company said. Kroger shares were down 1.8%.

Sunnova Energy International (NOVA) shares tumbled Monday after the company issued a "going concern" notice as part of its earnings. The company said its unrestricted cash, cash flows from operating activities and availabilities and commitments under existing financing agreements "are not sufficient to meet obligations and fund operations for a period of at least one year." Sunnova shares were down 56.5%.

Price: 177.99, Change: -2.54, Percent Change: -1.41