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Stock Market Today: Dow off 100 points, S&P 500 and Nasdaq head higher as Trump plans chips tariffs that include key exemptions; Apple extends rally
Investors were focused on President Trump's tariff policy on Thursday as the president unveiled plans for new chips tariffs that included exemptions for companies building in the U.S., or that have committed to build.
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Stock market today: Dow slides, Nasdaq jumps to record as tariffs kick in, Trump nominates Miran to Fed board
US stocks trimmed losses on Thursday, finishing mixed after President Trump's sweeping tariffs hit dozens of US trade partners. Meanwhile, Trump also previewed coming chip tariffs, suggesting a carveout that could benefit Big Tech companies.
Apple stock is down 5.3% so far in 2024 compared to a 5.1% gain in the Nasdaq Composite. Over the last year, Apple is up 18.6% compared to the Nasdaq's 33.1% gain.
A rally for Apple led Wall Street higher on Wednesday as U.S. stocks reclaimed more of their sharp losses from last week. The ...
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