So long, Trump bump: Tech stocks wipe out last of post-election gains

Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the Inauguration of Donald J. Trump in the U.S. Capitol Rotunda on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United States. So much for the Trump bump. After plunging 2.6% on Thursday, the Nasdaq has wiped out all of its post-election gains and is on pace for its worst week since September, as investors fret over tariffs, weaker-than-expected employment numbers and a potential cooling in the artificial intelligence market. The selloff marks a big reversal for tech, especially after the industry's top executives went out of their way to show their support for Donald Trump following his election victory in November, traveling to see him at his Mar-a-Lago resort in Florida and publicly announcing their contributions to his inauguration. Many of the industry's biggest names, including Apple's Tim Cook, Meta's Mark Zuckerb ... Read full article.