Market Reacts to Trump's Sweeping Tariffs

Technology giants experienced significant premarket losses on Thursday following the announcement of new tariffs by United States President Donald Trump. This move has raised concerns over a potential escalation in global trade tensions.

Notable Declines Among Tech Leaders

Apple Inc. saw its shares plummet by 7.24%, continuing a downward trend. Amazon.com Inc. wasn't far behind, with a 6.31% drop, while Nvidia Corporation fell 5.53%, highlighting worries over chip exports. Meta Platforms Inc., Alphabet Inc., and Microsoft Corporation also faced declines of 4.70%, 3.03%, and 2.70%, respectively.