Reported 2 days ago
Nvidia, Apple, and Tesla witnessed dramatic stock declines on Friday, contributing to the broader sell-off of the 'Magnificent Seven' as an intensifying trade war led to widespread selling on Wall Street. With Nvidia dropping over 7% and Tesla plummeting more than 10%, the Nasdaq Composite entered bear market territory. This sell-off followed China’s announcement of retaliatory tariffs against U.S. goods in response to President Trump's import levies. Analysts are warning that such tariffs could lead to a global recession and devastate the tech sector.
Source: YAHOO