Tech Stocks Hit Hard by New Tariffs

Technology giants experienced significant losses in the premarket session on Thursday. The downturn was a direct response to the sweeping new tariffs announced by United States President Donald Trump, raising concerns over a potential global trade escalation.

Market Reactions

By 7:28 a.m. ET, Apple Inc. shares had plummeted by 7.24%, marking a continuation of the company's recent decline. Amazon.com Inc. wasn't far behind, with a 6.31% drop, while Nvidia Corporation saw a 5.53% decrease, highlighting worries about chip exports. Meta Platforms Inc. also suffered, falling 4.70%, with Alphabet Inc. and Microsoft Corporation retreating 3.03% and 2.70%, respectively.