Technology stocks fell for a second day Friday as retaliatory tariffs from China fueled fears of a global trade war.

KEY POINTS

  • The so-called Magnificent Seven stocks lost a combined $1.8 trillion in market value over the last two trading sessions.
  • Apple led the losses for the group shaving off more than $533 billion in market capitalization.
  • The Nasdaq recorded its worst week since 2020 as markets responded to mounting fears of a global trade war that could push the U.S. into a recession.
  • carrion0409@lemm.ee
    4·
    17 hours ago

    I’m quite happy tbh. The 1% are starting to feel the same anxiety most of us feel every single day

    • 4am@lemm.ee
      3·
      15 hours ago

      The sell off is the 1%. They aren’t gonna be hurting, they want the crash to buy the dip