Apple, Nvidia soar more than 12% as tech stocks rally after Trump postpones some tariffs for 90 days
Published on: 2025-05-06 15:49:12
Technology stocks surged, with Apple and Nvidia rallying more than 10% after Trump announced a 90-day pause on tariffs for some countries.
Stocks skyrocketed across the board following a multi-day selloff spurred by an aggressive tariff plan from the White House. The tech-heavy Nasdaq Composite climbed more than 9% and was on pace for its best day since 2008, bouncing back after a rocky few trading sessions. Trump said he would raise tariffs on China to 125%.
Apple surged more than 12%, coming off its worst four-day trading stretch since 2000, which resulted in Microsoft unseating it as the most valuable company and a $774 billion drop in market value. Apple recovered its status Wednesday.
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