Microsoft advanced to Apple as the largest company in the world after four consecutive days of stock market fall that have erased more than 20% of its market value due to tariffs that the Donald Trump government will impose to Chinese imports.
When closing the session on Wall Street, Apple registered a drop of almost 5% that reduced its capitalization to 2.59 billion dollars, while Microsoft gave 0.92%, which placed its capitalization in 2.63 BDD.
The day was volatile, as it was encouraged to the news that some 70 countries have contacted Trump to negotiate the withdrawal of the tariffs, but then the White House announced that it raised the lien to China to 104% for the retaliation of Beijing to its initial rates.
According to specialized media, Apple has been the technological most affected by that perspective, as its star product, the iPhone, depends largely on China’s supplies, and analysts predict that phone prices will shoot due to the high cost.
Lee: Wall Street falls again while the hopes of tariff agreements strive
The Trump government imposed on Saturday a 10% global tariff and this Wednesday will come into force what the president calls “reciprocal” tariffs, with higher types for certain countries and blocks, while the fear of these measures to cause a recession.
After Trump’s ads, Apple, Microsoft and Nvidia technology, which for months have stepped on the heels such as the world’s largest, have suffered notable falls in the stock market; In fact, they have gone from having more than 3 BDD of capitalization at 2 Bdd.
Behind Nvidia, which is the third largest listed (2.34 BDD), Amazon (1.08 BDD), Alphabet (1.77 BDD), the Saudi Petroleum Aramco (1.63 BDD), goal (1.29 BDD) and the Berkshire Hathaway conglomerate (1.06 BDD) are located.
With EFE information
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