Various technology companies trading in the United States observed on Wednesday a significant decline in the price of their shares after President Donald Trump insisted that the tariffs scheduled to take effect on April 2 would not include "too many exceptions." The news seemingly left investors feeling vary about the impact of such measures on the production of goods such as semiconductors and electric vehicles that depend at least partially on assembling parts from abroad.
As a result, at 10:33 am ET, Marvell Technology Inc. plunged by 5.02%, AppLovin Corporation by 4.83%, ARM Holdings PLC by 4.86%, Nvidia Corporation by 4.46%, and Tesla Inc. by 4.19%. Henceforth, the Nasdaq 100 sank by 1.09% or 220 points at 10:49 am ET.
Meanwhile, at 10:49 am ET, the Dow Jones Industrial Average rose by 0.39% or 166 points, and the S&P 500 declined by 0.44%. The euro stood flat against the dollar to sell for $1.07928.
