After a brief pause, the US stock market continued its decline on Thursday due to persistent worries linked to President Donald Trump’s proposed tariffs.
On Wednesday, media shares experienced a temporary surge following Trump’s announcement of a 90-day halt on proposed tariffs for nations not retaliating, coupled with an upward adjustment in taxes to 125% for products imported from China.
Shares of media companies went up for a while on Wednesday due to Trump saying he would pause new tariffs against certain countries and raise the tax rate on Chinese imports to 125%.
However, the notable peaks in stock prices from these news reports didn’t last beyond 24 hours. By the end of trading on Thursday, several entertainment companies experienced another dip in their share values. For instance, Disney dropped to $85.23 per share (a decrease of 6.8%), Warner Bros. Discovery fell to $8.10 (a decrease of 12.5%), Netflix was at $921.17 (-2.6%), Comcast was trading at $33.68 (-4.3%), Paramount Global was priced at $10.92 (-2%), and Amazon closed at $181.22 (-5%).
Technologically speaking, Apple’s share price dropped to $190.42 (-4.2%), Meta’s to $546.29 (-6.7%), Alphabet’s to $155.37 (-3.5%), Nvidia’s at $107.57 (-5.9%), Microsoft’s at $381.35 (-2.3%) and Roku’s at $59.27 (-7.2%).
The prices of Apple, Meta, Alphabet, Nvidia, Microsoft, and Roku stocks have all decreased. Specifically, Apple dropped to $190.42 (-4.2%), Meta to $546.29 (-6.7%), Alphabet to $155.37 (-3.5%), Nvidia at $107.57 (-5.9%), Microsoft at $381.35 (-2.3%) and Roku at $59.27 (-7.2%).
On Thursday, the technology-focused Nasdaq Composite Index saw a decrease of 4.31%, while the S&P 500 experienced a drop of 3.46%. The Dow Jones Industrial Average suffered a loss of 2.5%, amounting to a fall of 1,014 points.
On Wednesday, the Dow Jones Industrial Average experienced its largest single-day increase (8%) since March 2020, while the tech-focused Nasdaq surged by a record 12% last seen in 2001. The S&P 500 also saw a significant rise of 9.5%, which represents its biggest jump since 2008.
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2025-04-10 23:51