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Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

24 May 2025 03:29  |

US Stocks Slide on Trade War Fears

US stocks declined on Friday after Donald Trump escalated trade tensions by threatening tariffs on both Apple and the European Union.

The S&P 500 fell 0.6%, the Nasdaq 100 dropped 0.9%, and the Dow lost 256 points. Apple shares tumbled 3%, bringing its valuation below $3 trillion, after Trump demanded that iPhones sold in the US be made domestically or face a 25% tariff.

He also proposed a 50% tariff on all EU imports starting June 1 due to stalled trade talks, renewing fears of protectionist policies. Tech stocks led the downturn, with names like Micron, Qualcomm, and Nvidia posting losses of more than 1%. This pullback came just as investors were gaining confidence amid a temporary pause in tariffs and signs of progress in negotiations with the UK and China.

Over the week, the S&P 500 fell 2%, the Dow declined 2.2%, and the Nasdaq slipped 1.6%.

Source : Trading Economics

 

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