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Big Tech stocks surged for a second day on Wednesday with ‘Magnificent Seven’ firms adding $455 billion to their market capitalizations as the Trump administration hinted at a deescalation of the US-China trade war. Tesla (TSLA) surged more than 5% Wednesday, leading the way after its CEO Elon Musk said late Tuesday his time spent…
Big Tech stocks surged for a second day, with Tesla and Amazon leading the so-called ‘Magnificent Seven’ stocks higher as the Trump administration hinted at a deescalation of the US-China trade war. Tesla (TSLA) jumped as much as 7% early Wednesday before paring gains, while Amazon (AMZN) and Meta (META) rose around 7% and 6%,…
Among the “Magnificent Seven” Big Tech stocks, Apple (AAPL) and Nvidia (NVDA) have found themselves at the forefront of Trump’s trade war. This week, for better and worse. The two tech stocks’ volatility since Trump’s “Liberation Day” reciprocal tariff announcement on April 2 is one of the more salient examples of how investors are battling…
Gold surged to a fresh all-time high on Monday, driven by investor anxiety over rapidly shifting US trade policy, before paring back gains, before pulling back slightly. Bullion briefly traded above $3,245 an ounce, surpassing Friday’s previous record. The rally extended a strong run for the precious metal, which rose more than 6% last week,…
WASHINGTON, DC – MARCH 11: U.S. President Donald Trump, accompanied by White House Senior Advisor, Tesla and SpaceX CEO Elon Musk, speaks as they look at a Tesla Cyber Truck and a Model S on the South Lawn of the White House on March 11, 2025 in Washington, DC. Trump spoke out against calls for…
Australian shares post lowest close since mid-August Financials fall for sixth consecutive session Tech stocks drop 4%, healthcare stocks down 1.8% March 11 – Australian shares fell to a seven-month closing low on Tuesday, tracking a broad sell-off across Asian markets after Wall Street slumped overnight on growing worries that U.S. President Donald Trump’s tariff…
The Alibaba logo is seen outside its offices in Beijing in February 2025 (ADEK BERRY) A simple handshake between President Xi Jinping and once-shunned entrepreneur Jack Ma sent Chinese tech stocks booming in recent weeks as it was interpreted as the latest sign the sector is being brought in from the cold — though experts…
The Alibaba logo is seen outside its offices in Beijing in February 2025 (ADEK BERRY) A simple handshake between President Xi Jinping and once-shunned entrepreneur Jack Ma sent Chinese tech stocks booming in recent weeks as it was interpreted as the latest sign the sector is being brought in from the cold — though experts…
Nasdaq futures slid on Tuesday, pointing to more losses for tech stocks amid worries over President Trump’s revived tariff threats and a potential US toughening of China curbs. Contracts on the Nasdaq 100 () dropped 0.4% on the heels of a tech-led selloff on Monday. S&P 500 futures () shed 0.2%, while Dow Jones Industrial…