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Tech and Media Stocks Hammered Amid Global Instability and Ratcheting Tariff Fights
U.S. equities markets took a beating Monday as investors reacted to the instability driven by ratcheting tariff wars with key trade partners.
U.S. equities markets took a beating Monday as global investors reacted to signs of slowing demand and the instability driven by the nation’s ratcheting tariff wars with Canada, China and other key trade partners. Tech’s “Magnificent Seven” stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — all took a drubbbing. The Dow Jones companies collectively gave up 2% for the day, or 890 points, while the tech-heavy NASDAQ index dropped 4%.
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