Apple Leads Premarket Slide In Tech Stocks As Trump's Reciprocal Tariffs Trigger Global Selloff

Core Points - U.S. futures indexes experienced a significant decline, primarily driven by a sharp drop in major tech stocks, amid fears of a global trade war and recession following President Trump's new tariffs [1][2] Market Reactions - The S&P Futures fell approximately 3.1% to 5,534.25 points, while the Dow Jones Industrial Average contracts decreased by 2.51% to 41,424 points [2] - The Nasdaq 100 index saw the largest decline, dropping 3.45% to 19,079.75, heavily influenced by the downturn in major tech companies [2] Company-Specific Impacts - Apple shares fell over 7.3% to $207.50, affected by tariffs on manufacturing in countries like China, Vietnam, and India [3] - Amazon's stock decreased by more than 5.5% to $185.01 in premarket trading [3] - Despite being exempt from tariffs, Nvidia's shares dropped 4.26% to $105.72 [3] - Other tech giants such as Google, Meta, and Microsoft also experienced declines of 2.43%, 3.5%, and 2% respectively [4] Global Market Impact - Foreign markets reacted negatively, with Japan's Nikkei 225 index down 2.77% to 34,735.93 points and the TOPIX dropping nearly 3.1% to 2,568.61 points [5] - South Korea's KOSPI index fell by 0.76%, while Australia's ASX 200 decreased by 0.94% [5] - Major Asian indices, including India's Sensex, China's Shanghai Composite, and Hong Kong's Hang Seng, also reported declines [5] - European markets opened lower, with the FTSE 100 down 1.34% and the EURO STOXX 50 falling 2.27% [5]