Technology Stocks Take a Hit

In a startling premarket session on Thursday, technology behemoths faced significant losses. Investors were quick to react to the sweeping new tariffs imposed by United States President Donald Trump, raising alarms over potential global trade escalations.

Notable Declines

By 7:28 a.m. ET, the impact was clear: Apple Inc. saw its shares plummet by 7.24%, marking a continuation of its downward trend. Amazon.com Inc. wasn't far behind, with a 6.31% drop, while Nvidia Corporation fell by 5.53%, highlighting worries over chip exports. The downturn also affected Meta Platforms Inc., Alphabet Inc., and Microsoft Corporation, which retreated by 4.70%, 3.03%, and 2.70%, respectively.