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Tariff storm ravages Magnificent Seven as Apple nears 1-yr low
April 08, 2025
|Orissa POST
The "Magnificent Seven" stocks sank Monday, extending a market rout that has wiped off around $2 trillion from their combined value as investors worry about the financial fallout of U.S. President Donald Trump's global tariff war.
The companies have collectively shed more than $6 trillion in market value since their peak in late 2024.
Apple, Alphabet, and Microsoft were trading around one-year lows, with the iPhone maker falling 4.8%, while other "Mag 7" members fell between 1.5% and 4.8%.
The group has accounted for a large chunk of the more than $5 trillion the S&P 500 index has lost in value over the past two trading sessions.
Wedbush analyst Ives said as a U.S. tech company Apple has the biggest exposure to American tariffs on Chinese goods as most iPhones are assembled in China.
هذه القصة من طبعة April 08, 2025 من Orissa POST.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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Orissa POST
Unions oppose govt move to open top bank positions to pvt sector
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Orissa POST
9 members of interstate ‘Mahakal’ gang held
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1 min
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Orissa POST
COOLING HOMES, HEATING PLANET
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3 mins
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Orissa POST
City AIIMS hosts conclave on travel health clinics
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1 min
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Orissa POST
rises 7 paise to close at 88.72
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1 min
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Orissa POST
Shutters’ brave run ends with bronze at BWF jr worlds
INDIA GO DOWN TO INDONESIA IN SEMIFINALS, SIGN OFF WITH FIRST-EVER BRONZE AT WORLD JUNIOR C'SHIPS
1 mins
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Orissa POST
Vinay wins gold at Para Powerlifting Worlds
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1 min
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Orissa POST
Zubeen’s personal security officers held
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1 min
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Orissa POST
Tata turmoil: Mistry wants public listing
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1 mins
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Orissa POST
Man gets 20-yr jail for raping teen in City
A man was sentenced to 20 years in jail by a court here for raping a 13-year-old girl last month.
1 min
October 11, 2025
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