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Tech stocks are down 7% since Trump's inauguration as trade war fuels uncertainty

4 March 2025
in World
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Tech stocks are down 7% since Trump's inauguration as trade war fuels uncertainty
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Since President Donald Trump took office in January, technology stocks have plummeted over 7% due to new tariffs sparking a trade war and increasing risk-off sentiment on Wall Street. Concerns about inflation and global shockwaves have led investors to sell off winning stocks, particularly in the S&P 500 technology sector, which fell 1% on Tuesday and is now down 7.7% since Trump’s inauguration. Leading companies like Apple and Nvidia could face higher manufacturing costs as a result of the tariffs, with Nvidia experiencing a nearly 9% drop on Monday and a total 16% decline since Trump’s presidency began.

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Tags: Advanced Micro Devices IncAlphabet IncAmazon.com IncApple IncBreaking newsBreaking News: EconomyBreaking News: MarketsBreaking News: PoliticsBreaking News: TechnologyBroadcom Incbusiness newsDonald J. TrumpEconomyfuelsGlobal tradeinaugurationMarketsMarvell Technology IncMicrosoft CorpNVIDIA CorpPoliticsStocksTaiwan Semiconductor Manufacturing Co LtdtariffTechtechnologyTesla InctradeTrump039sUncertaintyVanEck Semiconductor ETFWar
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