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Apple, Tesla, other tech stocks see historic gains after Trump pauses tariffs
Economic Times
·
4m ago
Medial
Global stocks rallied after President Trump announced a pause on recently imposed tariffs, notably benefiting tech stocks. The Nasdaq Composite surged over 12%, its second-best day ever. Apple gained over 15% following a tough period, despite ongoing concerns over tariffs on China, its manufacturing hub. Tesla, Nvidia, and Meta Platforms also saw significant increases, alongside Amazon, Microsoft, and Alphabet. Asian markets, particularly Japan, echoed this surge following the US market's historic gains.
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Related News
Apple shares lead tech higher after tariff exemptions
Economic Times
·
3m ago
Medial
Apple's shares surged over 6% in Frankfurt following the U.S. decision to exempt smartphones, computers, and certain other electronics from tariffs, benefiting mainly imports from China. Other tech stocks, including Nvidia, Dell Technologies, and ASML, also experienced gains. Nasdaq futures rose by 1.6% during early European trading. Despite these positive movements, uncertainty loomed as U.S. President Donald Trump indicated plans to impose tariffs on imported semiconductors soon.
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'Exposed to disproportionate impacts...': Trump’s tariffs hit Tesla, Musk-led company warns of potential job losses
Business Today
·
4m ago
Medial
Tesla is facing potential retaliatory tariffs due to Trump's trade policies, which might affect U.S. automakers. As Trump considers imposing tariffs on global vehicle parts, Tesla and other exporters are worried about reciprocal actions. Canada is already reacting by adjusting policies against Tesla, like excluding it from BC Hydro's rebates. Tesla, reliant on parts from Mexico and Canada, calls for a phased policy approach, while Canadian tariffs are being considered.
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US crypto stocks slide as Donald Trump's sweeping tariffs jolt markets
Economic Times
·
4m ago
Medial
US crypto stocks fell after President Trump's tariffs heightened trade tensions and led to a sell-off in riskier assets. Coinbase dropped 4%, Bitcoin holder Strategy 3%, and miners like MARA and Riot fell 4-6%. Bitcoin and ether prices also declined. Despite Trump's crypto-friendly stance, economic instability affects crypto companies. Some analysts see potential gains for crypto ETFs as investors seek opportunities amid macroeconomic uncertainties. However, inflows may wane as volatility rises.
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Asian Stocks Eye Gains as Wall Street Awaits Data: Markets Wrap
Livemint
·
8m ago
Medial
Asian stocks are expected to rise following a rally in the largest technology companies on Wall Street. The S&P 500 and Nasdaq 100 both reached record highs, driven by gains in tech stocks like Tesla and Apple. The dollar also ended its losing streak after Donald Trump's warning to BRICS nations. French bonds and stocks faced pressure, while the euro fell amid political turmoil in France. Traders are anticipating economic data and remarks from Federal Reserve speakers that will impact interest rate expectations. This week's highlight is the upcoming payrolls report on Friday. On the trade front, the US has unveiled new restrictions on China's access to vital components for chips and AI.
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Apple's Tim Cook is going to have a headache on his hands if Donald Trump follows through on tariffs this time around
Business Insider
·
9m ago
Medial
Apple could face significant costs if President-elect Donald Trump follows through with his proposed tariffs on Chinese goods. During his first term, Apple secured exemptions from costly tariffs, but it remains uncertain if they will receive the same benefits this time around. Finance experts warn that if a 60% tariff is imposed on Chinese imports, it could have a negative impact on Apple, affecting the pricing of their products. Additionally, the company's reliance on China for production and revenue makes it vulnerable to any potential retaliation from the country. On a positive note, the Trump administration may ease antitrust pressure faced by Apple and other Big Tech companies.
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New-Age Tech Stocks Gain As Broader Market Zooms Following Trump’s Victory
Inc42
·
9m ago
Medial
Today, most of the new-age tech stocks saw gains in the market, with 25 out of 28 stocks experiencing increases ranging from 0.21% to over 7%. ideaForge and CarTrade were the biggest winners, with gains of 7.55% and 5.91% respectively. This positive trend was in line with the overall market rally, as the Sensex and Nifty indices both recorded gains of over 1% due to the US presidential election results favoring Donald Trump.
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Sensex, Nifty to see up to 5% gap up on Friday? What's in for D-St as Trump pauses tariffs
Business Today
·
4m ago
Medial
Global equity markets anticipate a positive opening for Indian stocks on Friday, following a 90-day suspension of new US tariffs on all nations except China, announced by US President Donald Trump. The Gift Nifty futures on the NSE International Exchange were up by nearly 750 points, suggesting a strong start for Indian equity markets. This rebound aligns with the broader global market's optimistic response to the tariff suspension.
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Taiwan tech supply chain stocks bounce back after Trump tariff exemptions
Economic Times
·
3m ago
Medial
Stocks in Taiwanese tech firms, key suppliers to companies like Apple, rose as the U.S. granted temporary exclusions from tariffs on electronics mainly imported from China. Foxconn and Quanta shares increased by 4% and 7%, respectively, despite Taiwan Semiconductor Manufacturing Co. (TSMC) experiencing a brief dip after hints of future U.S. tariffs on semiconductors. Uncertainty remains as the market reacts to the exemption news, awaiting further details and TSMC's upcoming earnings report.
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Tech CEOs spent millions courting Donald Trump. It has yet to pay off.
Economic Times
·
4m ago
Medial
Tech companies lavished attention and funds on Donald Trump, but have yet to see significant returns. Despite hosting events and making large donations, their efforts have not shielded them from adverse policies, including tariffs affecting Apple's supply chain and regulatory actions against major players like Meta. Tech leaders’ attempts to engage with Trump, aiming for favorable conditions, appear ineffective as antitrust pressures persist. Trump's policies continue to challenge the tech industry, impacting valuations and growth.
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Tesla Shares Rebound Slightly After $150 Billion Rout as Musk-Trump Rift Seems to Ease
OutlookIndia
·
2m ago
Medial
Tesla shares rebounded slightly after losing $150 billion in market value due to a public feud between CEO Elon Musk and former US President Donald Trump. The conflict arose when Musk criticized Trump’s “One Big Beautiful Bill,” claiming it would increase the US deficit. Despite tensions, Tesla shares rose by about 5% amid rumors of potential communication between Musk and Trump. Wall Street indices remained strong, with the Dow Jones and Nasdaq both seeing gains.
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