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Tariff storm ravages Magnificent Seven as Apple nears 1-yr low
Orissa POST
|April 08, 2025
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.
यह कहानी Orissa POST के April 08, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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