Tech and media shares hammered by global volatility, tariff threats
US Equities Markets took a beating on Monday when worldwide investors responded to signs of delay the question and the instability driven by the Nation’s Tarief Wares with Canada, China and other important trading partners.
Tech’s “Magnificent Seven” stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla – all took a dribing, led by Tesla with a 15.4% dive. None of the big media giants was immune to the Downdraft, led by Warner Bros. Discovery with a slide of 4% for the day to close to $ 10.59. Netflix fell 2.7% to $ 866.68. Disney fell 2.4% to end at $ 103.08. Comcast fell by 4% to $ 36.11.
Fox Corp. Lost 3% to close to $ 50. Paramount Global, which has been in the news a lot lately, because it is trying to close his sale to Skydance Media, only gave up 1% to close to $ 12.
The Dow Jones companies together gave up 2%for the day, or 890 points, while the technically heavy Nasdaq index fell by 4%, the lowest EB since October 2022. The S&P 500 fell by 2.7%.
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