Check out Noon Trading: Companies making bank stock headlines as President Donald Trump’s new tariff policy has increased fear of an economic pullback in the US, leading banks fell on Friday. Stocks of JPMorgan, Morgan Stanley and Wells Fargo each fell over 7%. About 8%. Goldman Sachs and Citigroup fell by about 7.8% and 7.9% respectively. Tesla, Palantir Technologies – The top pick among retail investors couldn’t resist the sale on Friday. Electric car maker Tesla fell 10.4%, while defense technology stock Palantier fell 11.5%. Real Estate Stocks – On Friday, Real Estate Stocks and Simon’s real estate groups skated about 3.3% and 4.7% respectively. Real estate stocks are sensitive to consumer discretionary expenditure levels. Apple – iPhone makers’ stocks slipped 7.3% on the US’s retaliation obligation against China, accounting for around 80% of Apple’s production capacity, with around 90% of iPhones being assembled domestically, according to Evercore ISI estimates. China’s Funds – China-centric exchange trade funds have fallen after China’s Treasury Department announced a 34% tariff on US imports from April 10 in response to the Trump administration’s cumulative 54% obligation on Chinese goods. Kraneshares CSI China Internet ETF (KWEB) fell by more than 9%, while Ishares MSCI China ETF (MCHI) and Ishares China Large-Cap ETF (FXI) fell by 6.8% each. Chipmakers – Semiconductor stocks with significant exposure to China have slipped. Stock in Marvell Technology fell approximately 11.2%, while Intel lost 11.5%. Shares in Nvidia and Broadcom lost 7.4% and 5% respectively. Manufacturing Stocks – Farm and construction equipment manufacturer stocks fell amid the latest tariff updates. Deere and CNH Industrial fell by 3.9% and 4.9% respectively, while Caterpillar fell by 5.8%. In a memo to clients, UBS analyst Stephen Fisher said, “The trade dynamics tend to prefer free trade rather than relying on government payments, so trade dynamics are heading towards the agricultural sector and agricultural companies.” Boeing, GE Aerospace – Boeing slid 9.5%, while GE Aerospace slid 16.5%. Trump’s tariff rafts threaten to increase the costs of aircraft, engines and other aerospace products. Shell – The London-based energy company’s shares have lost 8% after Trump’s tariffs caused oil prices to fall to the lowest levels since this week. Casino Stock – Macau casino operators declined on Friday. Las Vegas Sands shares slipped around 8.4%, while Wynn Resorts and MGM Resorts International each fell by more than 3.5%. – CNBC’s Alex Hurling, Sean Conlong, Lisa Han and Hakyung Kim reported.
The biggest moves in stock noon: pltr, cat, aapl jpm
