Apple’s Stock Declines After Historic Rally
Apple Inc. (AAPL) saw its shares drop on Thursday, reversing a portion of the significant gains it experienced the previous day following President Trump’s announcement of a pause on numerous tariffs.
Currently, Apple shares have fallen by 6%. Just yesterday, they surged by 15.3%, marking the biggest single-day increase since 1998 when President Trump revealed a 90-day pause on most of the tariffs he introduced last week.
The company has felt the impact of Trump’s tariffs, especially those affecting China, where Apple produces approximately 90% of its products. Between the tariff announcement and the recent pause, Apple shares saw a decline of nearly 25%.
Despite this volatility, analysts at Bank of America maintained a “buy” recommendation for Apple stock, citing its stable cash flow and earnings, as well as potential benefits from advancements in AI. They described the recent dip as a “notable buying opportunity” for investors looking for quality investments.
Even with the announcement of the tariff pause, Apple continues to navigate rising tensions between the U.S. and China. Following Trump’s imposition of a 34% tariff, China responded with their own measures, leading to an escalation that included Trump raising tariffs further to 125% on several Chinese imports.
In response to the ongoing tariff challenges, Apple is reportedly planning to increase the shipment of iPhones exported from India to lessen the tariff impact. Analysts at Morgan Stanley noted that doubling iPhone production in India may be necessary to shield U.S. consumers from reliance on Chinese manufacturing.
Tesla Stock Volatility Observations
Tesla Inc. (TSLA) shares fell on Thursday after experiencing a 23% jump on Wednesday due to Trump’s decision to delay some tariffs for a period of 90 days.
Recently, Tesla’s stock has faced significant selling pressure, largely attributed to concerns over disappointing delivery figures and backlash against CEO Elon Musk’s political activities. The uncertainty surrounding tariffs imposed by the Trump administration has further intensified concerns, with Musk recently advocating for a reversal of the import duties.
The stock has seen dips below the important 200-day moving average, creating potential double bottom patterns on the charts. With further analysis suggesting a bullish divergence from the relative strength index (RSI), investors are advised to monitor critical support levels around $225 and resistance around $289, $360, and $430.
During midday trading, Tesla shares dropped to approximately $245, marking a 10% decrease.
U.S. Steel Stock Experiences Decline
U.S. Steel Corporation (X) saw its shares drop significantly following President Trump’s indication that he opposes foreign ownership of the company.
Trump emphasized that he does not want U.S. Steel to be acquired by another country, suggesting optimism based on the company’s higher steel orders. However, the stock fell around 7% in recent trades.
The backdrop of this decline includes Trump’s directive to review Nippon Steel’s takeover bid, which had been blocked by the previous administration due to national security concerns. U.S. Steel did experience a stock surge earlier in the year with speculation that Trump might overturn the Biden administration’s block.
Intel Stock Adjustments Amid Price Fluctuations
Intel Corporation (INTC) shares dropped on Thursday after a surge the previous day, mirroring trends in the semiconductor sector following the U.S. tariff pause.
After forming a double top pattern between January 2020 and April 2021, Intel has seen its stocks trend downward, although recently they demonstrated some resistance as bulls reclaimed critical support levels during a bullish reversal.
Constellation Brands Issues Cautious Earnings Outlook
Constellation Brands (STZ) experienced volatility as its shares fluctuated in response to a disappointing annual outlook. The company announced plans to sell off some lower-cost wine brands in light of changing market conditions.
For fiscal 2026, the company projected adjusted earnings per share below analyst expectations, attributing this adjustment to potential tariff impacts.
CarMax Reports Disappointing Earnings
CarMax, Inc. (KMX) shares fell sharply in premarket trading Thursday after the used-car retailer announced fourth-quarter profits below expectations. The company did not provide specific guidance for fiscal 2026 but suspended its long-term growth targets.
Market Indexes Struggling Post-Tariff Announcements
Despite significant gains on Wednesday, major stock indexes remain below levels just prior to Trump’s announcement regarding tariffs on April 2, termed “Liberation Day.” The Dow is down 4.6% for the year, while the S&P 500 and Nasdaq see declines of 7.2% and 11.3%, respectively.
