Table of Contents

• Apple & Microsoft

• U.S. Stocks

Top Stories Today

Apple & Microsoft

Apple’s sharp decline over the past few days has cost it the title of most valuable public company, now held by Microsoft, which is valued at $2.64 trillion compared to Apple’s $2.59 trillion. While markets overall are struggling in response to President Trump’s new tariffs, Apple is suffering more than other tech giants due to its manufacturing dependence on China. Analysts expect significant price increases for upcoming iPhone models. Meanwhile, Microsoft is seen as less exposed to trade policy risks and has reclaimed its lead in market capitalization.

U.S. Stocks

U.S. stocks declined on Tuesday, reversing early gains as investor concerns intensified ahead of the next wave of trade levies. The Dow erased a 3.9% intraday surge to finish down 320 points, extending its four-day slide to over 4,500 points. The S&P 500 fell below the 5,000 mark for the first time since April 2024, while the Nasdaq dropped more than 2%. Apple, heavily exposed to supply chain costs from China, lost nearly 5% after an early rally. Despite hints of diplomatic talks with countries like South Korea and statements from the Treasury suggesting outreach from dozens of nations, market optimism quickly faded. A steep 104% tariff rate on Chinese imports is set to take effect just after midnight, compounding fears of further disruption. Investors remain skeptical of any rebound without clearer long-term direction on trade.

Thanks for reading, subscribe to The Standard Lens for more.