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Tariffs hit the tech sector: Apple leads Mag 7 losses [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Yahoo Finance Senior Reporter Alexandra Canal joins Morning Brief to examine how the Magnificent Seven and semiconductor stocks are reacting to Trump's tariffs. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here Apple taking the steepest losses among the MAG 7 so far pre-market here. Allie, let's get over to you. What else are we seeing in the tech trade? Yeah, Maddie, it's a sea of red in futures trading right now. You mentioned Apple. We're down over 7% in extended trading. Now, if these levels hold at the open, it will be the largest intraday drop since September 3rd, 2020. So that just gives some context on how spooked investors are right now. Apple's overseas production hubs are particularly vulnerable to these tariff countries, given the presence in nations like China, Vietnam, and India. In fact, Apple has actually relocated some of its manufacturing facilities out of China amid these tensions with the US, but clearl
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