Trump threatens Apple with tariffs
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President Donald Trump ended the week on a grumpy note, rattling his tariff saber — and stock-market investors — on Friday as he threatened levies on Apple Inc. and the European Union. But for all the renewed trade drama, it was moves in the bond market that have been the center of attention.
Apple stock price has sold off this year, making it the top laggard in the Magnificent 7 group. What next for the AAPL shares this year?
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U.S. stock futures are pointing lower to end the week; President Trump says Apple must pay a "Tariff of at least 25%" on iPhones not made in the U.S.; and Intuit stock surges on the TurboTax parent's strong results and lifted outlook.
Apple shares dropped on Friday after US President Donald Trump threatened a 25% tariff on the tech giant’s products unless it moves iPhone manufacturing from countries like India to the United States.
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Nine American companies are currently valued at $1 trillion or more, but only three of them graduated into the ultra-exclusive $3 trillion club: Microsoft ( MSFT -0.82%): $3.4 trillion. Nvidia ( NVDA -1.02%): $3.3 trillion.
U.S. equities fell at midday as President Donald Trump threatened tariffs on Apple iPhones and European Union products.
The U.S. equities market was falling midday Friday, as technology stocks weighed on major benchmarks. The Dow Jones Industrial Average was down 311 points, or 0.7%, to 41,548. The S&P 500 was falling almost 49 points,