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Investors dump tech stocks after Trump’s 100% China tariff shock
Tech and chip stocks plunged as U.
U.S. equities fell sharply Friday after Trump’s new tariff announcement on Chinese imports. Semiconductor, EV, and software stocks led declines, with Nvidia, Tesla, and Oracle each down over 2%. The Philadelphia Semiconductor Index slumped 6.3%, its steepest drop since April. Analysts said investors are reassessing earnings expectations amid renewed trade disruption and inflation risk. (Investors Business Daily)