apple The stock fell 5% on Thursday, returning some of Wednesday’s profits, which pushed iPhone makers to their highest day since January 1998.
The tech giant surged more than 15% on Wednesday, which has dropped 15% this month since its launch in 2025 and almost 25% since its launch in 2025 after President Donald Trump announced a 90-day suspension on some tariffs and dropped tariffs to 10% to allow negotiations.
The news has fueled widespread market rally. Nasdaq Composite It was the second best day and the biggest day profit ever since January 2001, and the S&P 500 recorded its third biggest profit since World War II. The Tech Heavy Index fell 4% last time as the market reversed the course.
Tesla During that time, I lost 7% Meta Platform and nvidia Each decreased by about 5%. Microsoft, alphabet and Amazon Each had dropped by at least 2%.
Semiconductor stocks that rely on production and manufacturing outside the US are also Vaneck Semiconductor ETF After a 17% gain and its best session, drop 7%. The sector has been ruled out from recent tariffs, but chipmakers have sold it in fear that tariffs will eat up demand and hurt the economy. Target tariffs remain on the horizon.
About semiconductors, Marvel Technology and Apple Suppliers Qorvo and Skyworks Solutions Each fell sharply by more than 10%. Advanced Micro Devices, Broadcom and Intel Each fell at least 5%. Micron Technology I lost 9%.
