StockNews.AI
S&P 500
CNBC
168 days

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

1. Technology stocks dropped over 7% since Trump's inauguration due to tariffs. 2. S&P 500 technology sector declined 3.5% on Monday amidst inflation fears. 3. Nvidia shares plummeted 17% as tariffs increased manufacturing costs. 4. Semiconductor stocks, including AMD and Broadcom, suffered significant losses. 5. Trump announced new tariffs on Canada, Mexico, and China, escalating trade tensions.

4m saved
Insight
Article

FAQ

Why Bearish?

The imposition of tariffs is likely to exacerbate inflation worries and diminish tech earnings, drawing parallels to previous trade tensions that adversely impacted market confidence.

How important is it?

Tariffs on key tech companies will likely harm profit margins and drive investor caution, particularly affecting S&P 500 constituents heavily invested in tech.

Why Short Term?

Initial reactions to tariff announcements usually lead to quick sell-offs; however, long-term effects depend on the ongoing trade situation.

Related News