Why Apple Stock Is Sinking Today
Shares of Apple (AAPL -4.04%) are heading lower in Thursday's trading. The tech giant's stock was down 4.2% as of 3:30 p.m. ET. Meanwhile, the S&P 500 and the Nasdaq Composite had fallen 3.6% and 4.4%, respectively.The stock market skyrocketed yesterday after President Donald Trump announced a 90-day lifting of reciprocal tariffs on all countries except China, but valuations are heading lower today after new information emerged. While Trump announced yesterday that an import tax rate of 125% would be applie ...