Live China retaliated with 34% tariffs on US goods, while Trump vows his policies will 'never change.' Shenzhen - Delayed Quote • CNY Giant Network Group Co., Ltd. (002558.SZ) Follow Compare 13.97 +0.17 +(1.23%) At close: April 3 at 3:04:06 PM GMT+8 Related News Stock market today: Dow, S&P 500, Nasdaq crater after China's tariffs turn up the trade-war heat US stock futures slipped after President Trump's broad reciprocal tariffs sent markets into a tailspin. Nvidia, Tesla stocks plunge, leading another 'Magnificent 7' sell-off Nvidia and Tesla led megacaps lower on Friday as stocks continued to sell off amid a global trade war. China and US playing a 'game of chicken' with unequal impacts The US–China trade war is "a game of chicken, but the chickens are not equally sized," Tamarack Advisory managing partner James Early tells Julie Hyman and Madison Mills on Morning Brief. Early explains that while the trade war hurts China more than the US, China is more prepared for the blowbacks than the US. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Stocks plummet for a second day The Wall Street rout continues. All of the major indexes (^DJI, ^GSPC, ^IXIC) opened sharply lower after China announced it will put a 34% tariff on US goods. Morning Brief Anchor Julie Hyman and Markets and Data Editor Jared Blikre break down the action at the open. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Wall Street hunts for cheap tariff-proof stocks after the carnage The hunt for cheap stocks begins. 4 takeaways as investors survey the tariff damage to markets: Morning Brief The markets are spooked, the Fed's in a jam, a trade war is brewing, and recession chatter is growing louder. Wall Street comes to a painful realization: Trump was serious about steep tariffs all along Donald Trump, as a 2024 presidential candidate, repeatedly said what he had planned for tariffs. This week he showed markets he was serious the whole time. Intel stock rises on report of TSMC deal Shares of Intel (INTC) rose late Thursday following a report from The Information that the chip giant has reached a tentative deal with TSMC (TSM) to form a joint venture. Learn the details of the report in the video above. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Intel and TSMC reach tentative deal on chip manufacturing: Report Intel and TSMC have reached a tentative agreement to shore up Intel's foundry business, according to The Information. Oil tanks 6% amid 'panic selling' as Trump tariffs, OPEC+ supply increases send prices reeling Oil tanked on Thursday after OPEC+ decides to increase output more than expected, adding to losses sparked by Trump's tariff announcement. Why Nvidia, Broadcom, and Taiwan Semiconductor Manufacturing Are Plunging Today Shares of many semiconductor companies, including Nvidia (NASDAQ: NVDA), Broadcom (NASDAQ: AVGO), and Taiwan Semiconductor (NYSE: TSM) tumbled again today as investors processed the potential implications of President Donald Trump's tariffs on the companies and the broader tech industry. Nvidia's stock was down 6.1%, Broadcom slid 6.1%, and Taiwan Semiconductor (also known as TSMC) fell 5.8% as of 11:27 a.m. ET. Stock Market Today: Stocks, Oil, Yields Plunge After China Retaliates; Nvidia, Palantir, Tesla Slammed Again Sellers dictated the action in the stock market today after China retaliated with a 34% tariff on all imported goods from the U.S. EV Bloodbath: Nio Slashes Jobs, Misses Targets, and Plunges to 5-Year Low Nio's global cost-cutting spree hits Europe, the U.S., and China as sales crumble and investors grow uneasy. Hiring Defied Expectations in March, With 228,000 New Jobs The U.S. added 228,000 jobs in March, the Labor Department reported, well above the gain of 140,000 jobs economists had expected. Top 3 Billionaires Suffer $45 Billion Loss in Worst Market Drop Since 2020 Musk, Bezos, and Zuckerberg lose nearly $45 billion amid market rout, the worst since 2020 Nvidia Spanked, Market Whacked — What's An Investor To Do? Start Here Successful stock investing starts with having rules to handle Nvidia, Palantir and others. Learn how to invest following this three-step routine. Nike, Lululemon Soar as Trump Touts Productive Call With Vietnam (Bloomberg) -- Shares in companies that have large manufacturing operations in Vietnam, including Nike Inc. and Lululemon Athletica Inc., soared Friday after President Donald Trump said he had a “very productive call” with the country’s leader.Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLocal Governments Vie for Fired Federal WorkersLondon Clears Final Hurdle for More High-Speed Trains to E Magnificent Seven Stocks Dive As Apple, Nvidia, Tesla Plunge Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2024 with solid gains. Through the first three months of 2025, however, performance for these mega-cap stocks has been negative thus far. Nvidia and Other Chip Stocks Fall as Tariff-Fueled Rout Continues Chip stocks fell Friday, losing ground on the second trading day after President Donald Trump unveiled a set of global tariffs that sent stock markets dramatically lower—and the first since China announced its own retaliatory measures. TSMC Just Made a Bold Move That Could Save Intel A surprise joint venture could flip the script on Intel's downfall--and reshape America's chip future. Performance Overview Trailing total returns as of 4/3/2025, which may include dividends or other distributions. Benchmark is SSE Composite Index (000001.SS) Return 002558.SZ SSE Composite Index (000001.SS) YTD +10.09% -0.29% 1-Year +22.44% +8.89% 3-Year +44.21% +1.81%