"U.S. stock market anomaly: Large tech stocks hit hard by GDP data, Trump shifts blame to Biden."
According to the Securities Times APP, on Wednesday, large technology stocks dropped, as of press time, Tesla (TSLA.US) fell more than 6%, Apple (AAPL.US) fell more than 1.6%, Amazon (AMZN.US) fell more than 4%, Netflix (NFLX.US) fell more than 1.3%, Meta (META.US) fell more than 3%, Google (GOOG.US, GOOGL.US) fell more than 2%, Microsoft (MSFT.US) fell more than 1.8%. On the news side, the U.S. GDP unexpectedly shrank in the first quarter, and Trump wrote: "This is Biden's stock market, not Trump's. I didn't take over until January 20. Tariffs will take effect soon, and companies are entering the U.S. in record numbers. Our country will prosper, but we must get rid of Biden's 'burden.' It will take time, unrelated to tariffs, it's just that he left us with bad numbers, but when the U.S. economy starts to flourish, it will be unique. Be patient!"
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