Morning Business Report: Stock market struggles as tariffs take a toll
Stocks plunged, oil tumbled, and the dollar dropped as the markets reacted to President Trump’s aggressive tariff strategy.
(LILIAMAX)- Stocks plunged, oil tumbled, and the dollar dropped as the markets reacted to President Trump’s aggressive tariff strategy. On Thursday, the combined losses of the “Magnificent Seven” stocks—Apple, Meta, Tesla, and others—totaled over $800 billion. Apple saw an 8% drop, Meta lost 6%, and Tesla fell by 5%. The biggest losers in the market were companies like Restoration Hardware,…