BUZZ-Big Tech stocks fall after Trump imposes sweeping tariffs
ReutersFeb 3, 2025 10:58 AM
Shares of Big Tech firms fall after U.S. President Donald Trump ordered tariffs against Mexico, Canada and China
Microsoft MSFT.O, Alphabet GOOGL.O, Amazon AMZN.O, Meta META.O and Apple AAPL.O fall between 1.5% to 2% before the bell
Trump imposed 25% tariffs on Mexican and most Canadian imports and 10% on goods from China starting Tuesday.
"Our economists expect that fully implemented tariffs would have meaningful consequences," Morgan Stanley analysts wrote in a note on Sunday
Shares of GOOGL and AAPL rose over 30% last year, while MSFT rose 12%, META grew 65% and AMZN gained 44%
S&P 500 index .SPX grew 23% in 2024
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