U.S. stocks take a historic plunge
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Markets Insider |
Apple’s stock (AAPL) took a sharp dive after President Donald Trump’s latest tariff announcement, with shares plummeting 8.1% in late-morning trading.
The Financial Times |
Donald Trump’s tariff offensive convulsed global markets on Thursday, with sectors from banking to tech left reeling from the US president’s bid to remake the global economic order.
Yahoo |
US trading partners and companies reacted to Donald Trump's new sweeping global tariffs with disappointment on Thursday, while at the same time starting to develop strategies to counteract the US pres...
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Apple, tariff
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TechCrunch |
Trump unveiled sweeping tariffs Wednesday afternoon of at least 10% across the board, and even higher for some countries — China’s total tariff rate soared to 54% — that will go into effect April 5.
The Boston Globe |
The new tariff matches the rate of the US “reciprocal” tariff imposed by US President Trump this week.
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The U.S. market lost about $3.1 trillion in market value, according to Dow Jones Market Data, while dozens of household-name stocks posted double-digit declines, including Nike. Nike shares dropped 14% Thursday,
U.S. futures indexes fell sharply early on Thursday, led by a deep slide in major tech stocks, while global markets also faced a major selloff after President Donald Trump’s sweeping reciprocal tariffs raised fears of a global trade war and recession.
Apple (AAPL), and Tesla (TSLA) all tanked on Friday, leading the decline of the "Magnificent Seven" as an escalating trade war sparked broad-based selling on Wall Street. Chipmaker Nvidia fell more than 7%,
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Fears of a global recession hit mining companies. Shares
Ten of the 11 sectors in the S&P 500 were lower on Thursday — with energy turning in the worst performance, down 7.5%.
President Trump's announcement of tariffs and retaliatory measures by China has seen Apple's shares drop to their lowest point since June 2024, as investors predict rising iPhone prices and falling sales.
Tariffs could significantly impact Apple's EBIT margin. Click here to find out why I think AAPL stock is a hold for now.
Shares of Dell Technologies Inc., Apple Inc., Sonos Inc. and HP Inc. plunged Thursday after President Donald Trump announced sweeping tariffs on imports from virtually every US trading partner, a move that threatens to increase costs,