Stock market today: S&P 500, Nasdaq plunge, Dow drops 1,300 points as Trump's tariffs shock markets [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
surprisingly steep "Liberation Day" tariffs sent shockwaves through markets worldwide. The tech-heavy Nasdaq Composite ( ^IXIC ) led the sell-off, plummeting roughly 5.3%. The S&P 500 ( ^GSPC ) sank over 4%, while the Dow Jones Industrial Average ( ^DJI ) tumbled 3.2%. Among megacap techs, Apple ( AAPL ) shares fell over 9% amid concerns about disruption to its supply chain, putting it on track for its worst day since the advent of the pandemic in 2020. China, the source of key iPhone components, was hit with additional US tariffs that raised its overall rate to 54%. Nvidia ( NVDA ) and other chip stocks also tumbled thanks to similar concerns. The so-called "Magnificent Seven" stocks that led the market rally over the past two years were on pace to shed roughly $800 billion in market cap. Small cap stocks were also hit during the session, as the Russell 2000 ( ^RUT ) index declined more than 5.6%, on track to close in bear market territory. Dow Jones Industrial Average (^DJ
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AAPL
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Sec Filings
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