Nvidia, Apple, Tesla stocks plunge, leading another 'Magnificent 7' sell-off as a trade war intensifies
Nvidia and Tesla led megacaps lower on Friday as stocks continued to sell off amid a global trade war.
Nvidia and Tesla led megacaps lower on Friday as stocks continued to sell off amid a global trade war.
(Bloomberg) -- The S&P 500 Index declined to the lowest level in 11 months, slashing $5.4 trillion in market value in just two sessions as Federal Reserve Chairman Jerome Powell said the Trump administration’s tariffs “could have a persistent impact on inflation.”Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLocal Governments Vie for Fired Federal WorkersWhat Would ‘Transportation Abundance’
(Bloomberg) -- The Cboe Volatility Index closed at the highest level since April 2020, as a spiraling trade war pushed the S&P 500 to an 11-month low.Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLocal Governments Vie for Fired Federal WorkersWhat Would ‘Transportation Abundance’ Look Like?London Clears Final Hurdle for More High-Speed Trains to EuropeTotal put option volume rose to a record
Delta Air Lines is set to report first-quarter results Wednesday, with analysts having grown more cautious about air travel demand amid rising economic uncertainty.
The Dow Jones Industrial Average, the S&P 500, and the Nasdaq continued their selloff Friday after Trump’s “Liberation Day” tariffs.
Shares of sales intelligence platform ZoomInfo fell 13.4% in the afternoon session after China imposed a 34% tariff on all U.S. imports amid escalating trade war tensions. This was partly in response to the "reciprocal tariffs" announced by the Trump administration the previous day, with levies on Chinese goods estimated to be as high as 50%. The move was the first in a list of anticipated retaliatory measures that could have had investors really worried. The tariffs were also widely seen as a s
Defense companies that have kept U.S.-based supply chains for national security reasons could be relatively insulated from the impact of new tariffs, Morgan Stanley said Friday.
While most of the 'Magnificent 7' Big Tech stocks post double-digit percentage declines, Microsoft's enterprise-heavy, AI-driven business is faring decidedly better.
The trade wars launched by U.S. President Donald Trump have escalated to new heights. Just days after Trump unveiled sweeping new “reciprocal” tariffs on imports from around the world, China on Friday levied a retaliatory 34% tariff on all U.S. products starting April 10. Economists warn that the tariffs will raise the prices of products consumers buy each day — from the grocery aisle to car repairs.
Shares of luxury hotels and casino operator Wynn Resorts (NASDAQ:WYNN) fell 7.8% in the morning session after China imposed a 34% tariff on all U.S. imports amid escalating trade war tensions. This was partly in response to the "reciprocal tariffs" announced by the Trump administration the previous day, with levies on Chinese goods estimated to be as high as 50%.