Guests, including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk, attended Donald J. Trump’s inauguration in the American Capitol of Rotund on January 20, 2025 in Washington, DC. Donald Trump assumes a duty for his second term as 47. President of the United States.
Julia Demaree Nikhinson | Getty Images
So much for Trump’s lump.
After hitting 2.6%on Thursday, Nasdaq deleted all of his post -election gains and is in his worst week since September because investors are caring for tariffsweaker than expected Employment numbers and potential cooling on the artificial intelligence market.
Seluff signifies a major reversal for technology, especially after the best industry managers have gone out of the way to show their support Donald Trump After winning the choice in November, traveling to see him at his MAR-a-Lazla Lazla Restaurant in Florida and publicly announcing his Contributions to his inauguration. Many of the largest names in the industry including Apple cider Tim Cook, Target Mark Zuckerberg, Amazon Founder Jeff Bezos and Alphabet Executive director Sundar Pichai attended the Inauguration in Washington, DC, in January.
All these companies have contributed to the technological gathering in the last two years. Last year, Nasdaq jumped 43% in 2023 and 29%, guided by gains in Nvidia, Meta and other companies considered to be the main users of AI boom.
Aaron Dunn, Morgan Stanley Investment Management, co -founder of Value Equity, said “The Exchange” on Thursday that on Thursday that the insecurity around Trump’s economic policy, along with a wide shift from risk at the center of that move.
“We really want to focus on companies that we would call all the weather on the market,” Dunn said. He added that the market notices the high risk trade, with rotation to companies that can handle “regardless of the instability from the administration, it will be daily.”
Investors are particularly concerned about the increased costs of goods for companies that are likely to derive from tariffs and higher consumer prices that will follow, as well as tariff retaliation that will make exports difficult.
At midnight on Tuesday, 25% of tariffs About the import of two first US trade partners, Canada and MexicoIt entered into force, as well as an additional 10% tariff in Chinese imports. Tariffs on Canadian energy, at a speed of 10%, also began on Tuesday at midnight. Although Trump subsequently issued a temporary tariff exemption because of the wide range of goods coming from Canada and Mexico, the market continued its slider down.
Among the megacap technology companies, the worst performer this year Teslawhich reduced it by 35% after it reduced almost 6% on Thursday. The manufacturer of car manufacturer was particularly observed with respect to the Executive Director Elon Musk Central position in the second Trump administration.
February, Musk -ov first full moon in the White House, marked Tesla’s worst moon On the Stock Exchange of 2022, the shares trade on the lowest from the day of the election, November 5, and 45% under the record reached in December.
Nvidia This year he slipped 18%, including the fall of more than 11% this week and is traded in September. The manufacturer of chips, which has launched most of the AI market with its graphic processing units, counts on the main trade partners around the world.
Company processors are mostly made in Taiwan, but some of its sophisticated systems and full computers surrounding chips are produced in other regions, including Mexico and the US
“Tariffs at the moment, unknown until we continue to understand what the US Government plan is,” said Finance Chief Nvidia Colette Kress to investors about the company The name of the earnings Late last month.
Chip manufacturer BroadcoThe more than doubled last year due to its high demand for its AI systems, 22%fell this year. Broadco shares gathered in extended trading on Thursday after earnings.
Marvell technology He led a decrease in chips on Thursday, fell 20% after the leadership fell for some elevated purchasing assessments. The shares are now reduced by 35%.
In addition to tariffs and trade, Wall Street is worried about the job. The creation of new jobs in the private sector slowed down to crawling in February, encouraging concern for slowdown in economic, the ADP salary company reported on Wednesday. Companies have added only 77,000 new workers for the month, below the consensus assessment of Dow Jones of 148,000 Dow Jones, according to seasonally adapted to ADP data.
Without a huge gathering on Friday, Nasdaq will end up lower for his third week and fifth week in the last six.
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