Thursday's sell-off hit megacap technology stocks especially hard, with CNBC's Magnificent Seven index sliding more than 6%. Collectively, the stocks in the Magnificent Seven, which led the market higher in both 2023 and 2024, lost more than $1 trillion in market value.

The market may react negatively to tariff announcements, with Dow Jones Futures dipping due to inflation concerns. Higher tariffs could delay US Federal Reserve rate cuts, impacting economic growth and market sentiment,

Good morning. Stocks futures point to another tough trading day. Donald Trump says he’s willing to cut a deal on trade. And a shocked CEO swears on the conference call as his stock plunged on the tariff news.

The Trump tariffs sent U.S. markets plunging Thursday as the Dow dropped 1,679 points. S&P and Nasdaq followed suit with deep losses and both gold and the U.S. dollar went sharply lower.

US stocks end sharply lower. Dow loses 1700 points. S&P 500 and Nasdaq have worst day since 2020 on worries Trump has sparked a hard-to-end trade war.