Tim Cook
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Technology stocks gyrated Tuesday, pulling back from session highs as an earlier market rally showed signed of fading.
The tech-heavy Nasdaq was flat, erasing an earlier gain of 4.6% at its highs. Apple was nearly 3% lower. Meta Platforms, Alphabet, Amazon were all lower Tesla, while Microsoft hovered near the flatline. Nvidia held on to modest gains.
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 value over two trading sessions.
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