Abnormal movement in US stock market | Large tech stocks fall, Tesla (TSLA.US) drops over 6%

date
01/05/2025
According to the Wise Finance app, on Wednesday, major technology stocks fell sharply. As of the time of publication, Tesla (TSLA.US) fell by more than 6%, Apple (AAPL.US) fell by more than 1.6%, Amazon (AMZN.US) fell by more than 4%, Netflix (NFLX.US) fell by more than 1.3%, Meta (META.US) fell by more than 3%, Google (GOOG.US, GOOGL.US) fell by more than 2%, and Microsoft (MSFT.US) fell by more than 1.8%. On the news front, the US GDP unexpectedly shrank in the first quarter. Former President Trump said in a post, "This is Biden's stock market, not Trump's. I only took over until January 20. Tariffs will start to take effect soon and companies are entering the US at record numbers. Our country will prosper, but we must get rid of Biden's 'burden'. It will take some time, unrelated to tariffs, he just left us with bad numbers, but when the US economy starts to thrive, it will be unique. Be patient!!"