Tech Stocks Take a Hit

Technology giants experienced significant losses in the premarket session on Thursday. This downturn came as investors reacted to sweeping new tariffs introduced by United States President Donald Trump, raising concerns over a potential global trade escalation.

Notable Declines

As of 7:28 a.m. ET, shares of Apple Inc. plunged 7.24%, marking a continuation of the company's recent slide. Amazon.com Inc. wasn't far behind, with a drop of 6.31%, while Nvidia Corporation fell 5.53%, highlighting worries over chip exports. Meta Platforms Inc. also saw a significant slump of 4.70%, with Alphabet Inc. and Microsoft Corporation retreating 3.03% and 2.70%, respectively.