Express News | In Overnight Trading, Tech Giants See Significant Declines, Tesla Drops 6%, Nvidia Down 5%. Crypto-Related stocks Fall

Moomoo 24/720:09 ET

The U.S. Treasury Secretary 'shifts the blame': The sharp decline in the U.S. stock market is due to issues with the Mag 7, not the MAGA.

As tariffs are implemented and Post-Market Trading falls sharply, US Treasury Secretary Bessent once again defended Trump, stating that the Nasdaq Index peaked on the day DeepSeek was released, so this is a Mag 7 issue, not a MAGA issue.

wallstreetcn19:58 ET

Trump's "reciprocal tariffs" precisely strike Apple (AAPL.US). Is the 3 trillion dollar empire collapsing?

Trump's tariffs have severely impacted Apple’s Global Strategy for supply chain diversification, and many production bases may face heavy damage from 'reciprocal tariffs'. Is the 3 trillion dollar empire heading towards collapse from this moment?

Zhitong Finance19:49 ET

U.S. Treasury Secretary Basant claimed that the sharp drop in the stock market was due to the sell-off of Technology stocks and was unrelated to Trump's tariffs.

U.S. Treasury Secretary Scott Bessenet stated on Wednesday night local time that the sell-off in the stock market was more due to the sharp pullback of large technology stocks rather than the protectionist policies of the Trump administration. Bessenet mentioned in a television interview: "I am trying to be the Treasury Secretary, not a market commentator. I want to point out that particularly the Nasdaq Index peaked on DeepSeek Day, so this is a Mag 7 ('Seven Giants' stocks) issue, not a MAGA issue." Bessenet referred to the Chinese AI startup DeepSeek, whose new language model is in...

Global market report.19:45 ET

As the "10% equal tariffs" axe falls, US stock Futures plunge sharply across the board.

After President Trump stated that the USA would begin imposing a 10% tariff on its Global trade partners, dozens of countries with the largest trade imbalances faced significantly increased rates, leading to a sharp decline in the USA stock market.

Zhitong Finance19:38 ET

Tariffs exceeded expectations, U.S. stock Futures plummeted, Apple fell sharply over 7% after hours, U.S. bonds rebounded, and Futures gold reached a new high five times.

Tesla initially fell over 6% but ended up rising over 5%. After Trump announced reciprocal tariffs, the yield on the ten-year U.S. Treasury bond first hit a daily high and then turned lower; Bitcoin surged past the 0.088 million mark before dropping over 3000 dollars. Crude Oil Product closed at a new high for over two months but turned down after Trump's announcement of tariffs.

wallstreetcn19:05 ET