Tech stocks fall for third session, Tesla sinks 10% as Trump stands by tariffs

U.S. President Donald Trump's adviser Elon Musk reacts on the day of a rally in support of a conservative state Supreme Court candidate of an April 1 election in Green Bay, Wisconsin, U.S. March 30, 2025. Technology stocks fell for a third session on Monday, continuing the momentum of last week's devastating selloff after President Donald Trump stood by his sweeping global tariff plans and global market turmoil intensified. Tesla led the Magnificent Seven's losses, dropping 10%. Nvidia fell 7%. Apple , which relinquished more than $533 billion in market value on Thursday and Friday combined and dropped below a $3 trillion market cap, fell more than 6%. Meta Platforms and Amazon slumped more than 3% each, while Microsoft and Alphabet declined more than 1%. The technology sector is coming off a brutal week. The Magnificent Seven stocks collectively shed more than $1.8 trillion in market value during a two-day market selloff, while the Nasdaq Composite recorded its worst week since the ... Read full article.