Mon, June 2, 2025
[ Mon, Jun 02nd 2025 ]: WOPRAI
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Tech stocks skid as Trump's aggravation with China, Marvell earnings lead to Friday pullback
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[ Fri, May 30th 2025 ]: Reuters
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[ Fri, May 30th 2025 ]: WOPRAI
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[ Fri, May 30th 2025 ]: WOPRAI
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[ Fri, May 30th 2025 ]: WOPRAI
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Tech stocks skid as Trump's aggravation with China, Marvell earnings lead to Friday pullback

US tech stocks are shedding weight on Friday following several negative news stories. The NASDAQ Composite has given up as much as 0.9%, while the Dow Jones Industrial Average (DJIA) is slightly positive.
On May 30, 2025, tech stocks experienced a significant decline, driven by heightened tensions between the U.S. and China, as well as disappointing earnings from Marvell Technology. The Nasdaq 100 fell by 1.2%, reflecting broader market concerns over President Trump's aggressive stance towards China, which included new tariffs and restrictions on technology exports. Marvell Technology's stock plummeted 10% after reporting weaker-than-expected quarterly results and providing a gloomy outlook for the upcoming period, further exacerbating the sell-off in the tech sector. Investors were also on edge awaiting the release of the U.S. jobs report, which could influence future Federal Reserve interest rate decisions.

Read the Full FXStreet Article at:
[ https://www.fxstreet.com/news/tech-stocks-skid-as-trumps-aggravation-with-china-marvell-earnings-lead-to-friday-pullback-202505301453 ]