Apple Stock Jumps
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Apple shares gained ground Wednesday after losing more than a fifth of their value over the previous four sessions amid concerns about the impact of a trade war between the U.S. and China.
The Financial Times |
They’re in a sort of weird transition period of waiting to see the full impact of the Trump tariffs.
Yahoo |
“The pause on reciprocal tariffs announced by President Trump is a welcome reprieve for the global economy,” Carney said in a post on the social platform X.
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Shares of the companies, which include AI chip giant Nvidia , Apple, Tesla and Microsoft, were up between 7.8 per cent and 13 per cent, powering a market rally that pushed the Nas
Apple's stock has dropped nearly 35% from its high, but is likely to be a first source of a market rebound. Read more on why I think investors will be drawn to AAPL.
Trump said Wednesday that he would pause big “reciprocal” tariffs on many countries, instead setting the rate at 10% for 90 days. But he excluded China from the mix — and in fact said he would raise the rate on Chinese-made goods to 125%.
The full extent of the U.S. government’s impeding tariffs were revealed by the Trump administration today in a press
Wall Street had hoped for a rally. Stock futures are in a free fall as investors digest President Donald Trump’s sweeping tariffs.
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