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Apple's historic selloff has bulls balking off
Financial Express Chandigarh
|April 09, 2025
Tariff Woes
A SHARP SELLOFF in shares of Apple Inc. illustrates investor skepticism about its ability to navigate President Donald Trump's tariffs on China, Vietnam and India — countries all critical to the iPhone maker's supply chain.
Its shares dropped 19% in the wake of last week's tariffs announcement, marking the worst three-day stretch for Apple since 2001. The rout erased more than $637 billion in market value from the tech giant and sent a proxy for the stock's volatility skyrocketing. The stock rebounded on Tuesday, up 2.7%, while the Nasdaq 100 Index rose 3.5%.
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