Tech stocks are down 7% since Trump's inauguration as trade war fuels uncertainty

CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. president in the U.S. Capitol Rotunda in Washington, Jan. 20, 2025. Technology stocks have slumped more than 7% since President Donald Trump took office in January, with new tariffs setting off a trade war and adding fuel to the risk-off sentiment on Wall Street. Economists warned the tariff spat could spike inflation and send shockwaves worldwide, prompting investors to dump winning stocks and mitigate risk. The fears have battered technology stocks that led the market in the wake of Trump's presidential victory. The S&P 500 technology sector fell 1% on Tuesday, building on a 3.5% loss from the previous session. It's down 7.6% since Trump's inauguration. Tariffs may spike manufacturing costs for leading technology companies such as Apple and Nvidia that ass ... Read full article.