Apple Stock Heads for Worst Day Since Covid-19 Crash

Apple Inc (NASDAQ:AAPL) was last seen down 8.9% at $203.94, leading Big Tech losses after President Donald Trump announced sweeping tariffs. Rosenblatt Securities warned AAPL could see $39.5 billion in tariff costs, and would need to hike device prices 40% to offset them. Additionally, BofA Global Research cuts the stock's price target to $250 from $265. During his speech, Trump applauded Apple for its plan to spend $500 billion in the U.S. in the next four years, with Jefferies noting this could help the t ...