Roller coaster Global Stock Market week had an even more sharp turn on Thursday, yanking nvidia (NVDA-6.83%), apple (aapl-4.58%), Amazon (amzn-5.76%), and other major high-tech stocks.
The latest shift sweeps away some of historic benefits on Wednesday, when President Donald Trump suddenly announced a 90-day moratorium on tariff hikes in most countries. After the president’s announcement, Apple Stock recorded it Best performance In about 27 years.
However, the suspension ruled out China. It is home to many of Big Tech’s meticulously designed supply chains, including Apple. By Thursday, the market seemed reluctant to trust the temporary policy pivots that arrived without warning – even if fresh inflation data provided Welcome to relief. So another bad day unfolded for investors.
Apple fell 4.2% a day, Amazon fell about 5.2%, and Nvidia about 5.9%.Meta-7.13%)6.7%, Microsoft (msft-2.75%) 2.3% declined, Tesla (TSLA-9.08%) I gave up 7.3%. The tech-heavy Nasdaq fell 4.3% on Thursday, with the Dow Jones industrial average down 2.5%, and the S&P 500 down about 3.5%.
For Tesla, Plunge has come as an analyst Reduced price targets For EV stocks – impending tariffs on Trump’s auto parts and weakening demand for Tesla EVs in Europe and China. Meanwhile, Amazon warned that tariffs would happen. Pushing up the priceApple fell as Trump administration Clearly The latest tariffs on China (145%), and Meta fell as Meta tried to downplay all books by former Facebook public politics executive Sarawin Williams.
Other high-tech losers included advanced micro-device (AMD-10.14%), it is about 8.4%, Intel (INTC-8.89%), about 7.7% diving and Palantir (pltr-4.79%) fell 3.7%. High-tech adjacent stocks barely eschew the massacre, but some of the rare exceptions included US-focused telecom stocks and video game maker Electronic Arts (ea+1.94%).
– Catherine Baab contributed to this article.
