Markets dip after Trump threatens tariffs against Europe and Apple, sinking the iPhone maker's stock by 3%

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Markets dip after Trump threatens tariffs against Europe and Apple, sinking the iPhone maker's stock by 3%

^{Published on 2025-05-23 17:21:02 - Fortune}

The president said he would issue a 50% tariff on the EU and a 25% tax on Apple in a pair of Truth Social posts.

On May 23, 2025, the U.S. stock market experienced mixed results as the S&P 500 and Dow Jones Industrial Average closed slightly lower, while the Nasdaq saw a modest gain. Apple's stock rose by 1.2% following the announcement of new AI features for its devices. Meanwhile, European markets were impacted by new U.S. tariffs on European goods, causing a decline in major indices such as the DAX and CAC 40. Investors are closely monitoring these developments, as well as upcoming economic data releases that could influence future market movements.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/23/stock-market-close-sp500-dow-nasdaq-apple-europe-tariffs/ ]

N@N

Markets dip after Trump threatens tariffs against Europe and Apple, sinking the iPhone maker's stock by 3%