Wedbush Securities analyst Dan Ives, in a client note issued Friday, criticized the policy direction, saying it could set back the US tech industry by a decade.

President Trump's announcement this week to levy tariffs on all countries around the world has “crushed” the tech trade via a “tariff economic Armageddon,” Wedbush Securities said on Friday. “From the Dot.

Dan Ives, Wedbush, reacts the tech sell-off following the latest round of tariff negotiations. US TV’s longest-serving female anchor announces exit live on air after 30 years How Many People Actually Reach Retirement Age With $1 Million?

Megacap U.S. tech companies including Apple and retail giants Walmart and Nike led a global market meltdown as President Donald Trump's sweeping new tariffs heightened fears of a spike in costs across a wide range of industries.

The company counts on the sale of devices for three-quarters of its nearly $400 billion in annual revenue, and it makes almost all of its iPhones, iPads and Macs overseas.

Some of the world's biggest companies are on track to lose billions of dollars of value Thursday, with Trump's aggressive tariffs ripping through the stock market. Here are the top five U.S. companies

U.S. tech heavyweights, banks and oil majors fell sharply on Friday after China retaliated to Trump's tariffs with steep duties, amplifying worries of a global economic downturn.

U.S. futures indexes fell sharply early on Thursday, led by a deep slide in major tech stocks, while global markets also faced a major selloff after President Donald Trump’s sweeping reciprocal tariffs raised fears of a global trade war and recession.