Following the announcement of significant tariff measures by U.S. President Trump, Apple (AAPL, Financial) led the decline among major tech companies in pre-market trading. The company is one of the most affected by the new tariffs, resulting in a 6.2% drop in its stock.
The U.S. futures market also experienced a sharp decline, as the tariff plan increases the likelihood of a full-scale trade conflict, potentially pushing the U.S. economy into recession. Among the tech giants, Amazon fell by 4.9%, NVIDIA by 3.2%, Tesla by 3.8%, Meta by 3.4%, Alphabet by 2.6%, and Microsoft by 1.9%.
The Bloomberg Equal-Weight Big Tech Index, which rose 67% in 2024, has seen a 14% decline so far this year.
