President Donald Trump appearing to be more open to negotiations was initially enough to see Apple’s shares rise fractionally overnight, only to see the fourth trading day since the tariff announcement deliver another big hit to the stock.
Apple’s shares continue to fall
Apple’s shares continue to fall
While Apple’s shares went from $223.89 before the announcement, to $181.46 at the close of business on Monday, April 7, it then began to recover, hitting $183.67 in overnight trading. It then rose to $189.71 by 10:40 A.M. Eastern, only to fall back sharply to $184.11 under an hour later.
As of the close of trading on Tuesday, Apple’s shares were at $172.87, down more than 5% on the day. The four-day run of consecutive losses is Apple stock’s worst hit since 2001.
