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Apple turns negative as tech, semiconductor stocks try and bounce back from rout

Published on: 2025-05-09 02:59:24

Nvidia CEO Jensen Huang talks onstage with Salesforce CEO Marc Benioff during Salesforce's Dreamforce in San Francisco on Sept. 17, 2024. Technology stocks broadly rose Tuesday but pulled back from session highs as the market rally showed signed of fading. Nvidia led the "Magnificent Seven" group's gains, rallying about 3%. Meta Platforms , Amazon , Tesla , Microsoft and Alphabet rose about 1%. Apple was 1% lower. The sector is coming off a wild trading session after speculation that the White House could potentially delay tariffs due to volatile swings in the market. Alphabet, Meta, Amazon and Nvidia finished higher, while Apple, Microsoft and Tesla posted losses. Trump's wide-sweeping tariff plans have sparked violent turbulence over the past three trading sessions. Trading volume on Monday hit its highest in nearly two decades. Technology stocks gyrated after the Nasdaq Composite posted its worst week in five years and the Magnificent Seven group lost $1.8 trillion in market val ... Read full article.