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.
  • Phoenixz@lemmy.ca
    21·
    1 day ago

    5 years is nothing, wake me up when we have hit a recession worse than the 1920’s. Let Americans starve, really, as that is exactly what they voted for. I really really wish it were different but here we are, this is trump world now