Live Tariff updates: Trump escalates threats on China as markets remain jittery BSE - Delayed Quote • INR Udaipur Cement Works Limited (UDAICEMENT.BO) Follow Compare 26.20 -1.17 (-4.27%) At close: 3:28:44 PM GMT+5:30 Related News 'Magnificent 7' stocks continue getting hammered as Trump tariffs drag markets lower The Magnificent Seven tech stocks continued their sell-off Monday as the Trump administration’s global tariff plan rocked markets. One chart shows how much optimism has been wiped out of the 'Magnificent 7' because of Trump tariffs It hasn't been pretty for the "Magnificent Seven." 'I find it impossible to catch my bearings': Yahoo Finance community reacts to Trump tariff stock market plunge The markets are undergoing one of the worst stretches in recent memory as Trump tariff fears take hold. Here is what is top of mind with the Yahoo Finance community. Trump tariff selloff: 3 things you must know about stocks right now Heavy selling continued in markets around the world on Monday amid the record fallout from President Trump's tariff plan. U.S. futures are deep in the red after having shed an astounding $5.4 trillion in value in the two days since the president revealed big-time tariffs on major companies. The S&P 500 is now at its lowest level in 11 months. Tokyo's Nikkei 225 index tanked 7.8%. Hong Kong's stock market nosedived about 12%, the worst day in more than 16 years. China's Shanghai Composite Index lost 8.4 percent. Yahoo Finance Executive Editor and host of Opening Bid Brian Sozzi breaks down the three things you need to know today to navigate this uncertainty. Secret court rules against Yvette Cooper over Apple encryption The Telegraph and nine other media organisations have successfully challenged an attempt by Yvette Cooper to keep details of her legal battle with Apple a secret. Why Shares of Apple Are Getting Hammered Today Shares of consumer tech giant Apple (NASDAQ: AAPL) traded over 5.6% lower today as of 12:52 p.m. ET, extending its sell-off after President Donald Trump issued far-reaching tariffs late last week. Wedbush analyst Dan Ives lowered his price target on the stock in a research report issued yesterday, while maintaining a bullish rating. Ives, who has long been bullish on big tech stocks in the "Magnificent Seven," has issued several sobering research notes in light of Trump's tariffs. FTSE dives to year-low as global market turmoil continues The FTSE 100 fell by 4.38% to 7,702.08, its lowest closing price since March last year, at the end of trading. Apple Takes the Biggest Hit of the "Magnificent Seven" in Response to Trump Tariffs Tariffs will be the focus, but Apple's issues predate the shocking tariff announcement on April 2. Rhythm seeks market expansion for Imcivree following Phase III victory Imcivree has shown benefit in a Phase III trial in patients with acquired hypothalamic obesity, leading to 19.8% weight loss. Apple Appeals Back Door Demand, US Intel Chief Warns of Cybersecurity Risks Apple appeals back door demand, citing global privacy risks; U.S. and U.K. officials clash over encryption access Rhythm Pharmaceuticals Weight Loss Drug Study Shows Significant BMI Reduction For Rare Type Of Obesity Disorder Rhythm Pharmaceuticals, Inc. (NASDAQ:RYTM) on Monday released topline results from the pivotal Phase 3 TRANSCEND trial evaluating setmelanotide, a melanocortin-4 receptor (MC4R) agonist, for the treatment of acquired hypothalamic obesity. Acquired hypothalamic obesity is a rare, non-genetic form of obesity resulting from damage to the hypothalamus, the brain region controlling energy balance, often caused by tumors, surgery, or radiation, leading to rapid weight gain and metabolic complications. Stock market volatility deepens as Wall Street faces rollercoaster opening The US’s S&P 500 had major swings on Monday. U.S. Steel Stock Rises as Trump Orders Review of Nippon Deal The potential transaction values the American steel maker at $55 a share, far below where shares currently trade. Magnificent Seven Stocks: Nvidia Reverses Higher; Apple, Tesla Dive 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. Top Midday Stories: Tesla, Apple Hit by Tariff Woes, Wedbush Says; Trump Orders New Review of US Steel, Nippon Steel Deal Wall Street's major market averages were lower in late-morning trading on Monday, extending last wee Warren Buffett Stocks: What's Inside Berkshire Hathaway's Portfolio? You must keep up on Warren Buffett stocks: The Berkshire Hathaway chief sticks to a winning investing formula, but he does not sit still. Trump Orders New Review of Nippon-U.S. Steel Merger The White House said the review is meant to assist the president in determining whether further action would be appropriate. Apple Stock Falls Again. How the Rest of the Mag 7 Are Trading. Apple was falling after a Wall Street bull cut his price target on the iPhone maker amid tariff fears. Mesa Air Strikes All-Stock Deal to Merge With Republic Airways Mesa Air's (MESA) shares jumped intraday Monday after the Mesa Airlines parent agreed to merge with Trump Tariffs: Will Trump Call A Time-Out As Billionaire Backers, S&P 500 Plead For Mercy? Financial market fallout and public criticism from high-profile supporters could compel a Trump tariff pause. Performance Overview Trailing total returns as of 4/7/2025, which may include dividends or other distributions. Benchmark is S&P BSE SENSEX (^BSESN) Return UDAICEMENT.BO S&P BSE SENSEX (^BSESN) YTD -8.71% -6.40% 1-Year -31.16% -1.50% 3-Year -24.06% +23.89%