The Nasdaq Marketsite in New York, June 9, 2023.
Michael Nagil Bloomberg Gety pictures
Executive and minor managers in the Silicon Valley open their governorates publicly to support the president Donald Trump 2024 Presidential Running. Early returns in 2025 are not great, at the very least.
After Trump is sweeping Customs tariff plan Nasdak has been announced, Nasdak has suffered a consecutive daily declines to finish 10 % less for the week, which is the worst performance of the index since the start of the Covid Epidem in 2020.
The leading CEO in the technology industry rushed to contribute to Trump’s inauguration in January and was shown in Washington, DC, for this event. Since then, it has been a job.
The market can always turn, but economists and investors are not optimistic, and fears build a possible stagnation. American technology companies lost the most valuable $ 1.8 trillion from the maximum market in two days.
apple 14 % slipped for this week, the largest decrease in more than five years. TimingLed by the best Trump counselor Elon Musk9.2 % decreased and more than 40 % decreased for this year. Musk contributed Nearly $ 300 million To help push Trump to the White House.
Nafidiaand Dead and Amazon Everyone has suffered from double declines for the week. For Amazon, the ninth consecutive weekly decline is the longest losing line since 2008.
With the sale of Wall Street of risky assets due to the concern that the high tariffs will be punished by the American and global economy, the repercussions were swept to the public subscription market. Online lender Clarna and the studub ticket market Their subscriptions are delayed by their subscriptions Due to the market turmoil, a few weeks after it was submitted to the Securities and Stock Exchange Committee, according to what Fintech Company Chime is also delaying.
CoruvAnd it is an provider of artificial intelligence infrastructure, last week became the first company supported by a project of more than one billion dollars in the US public subscription since 2021. But the company reduced its offers, and trading was severe volatile On the opening days on the market. The stock decreased by 12 % on Friday, leaving 17 % higher than the supply price, but without its initial range.
Phil Haslit, co -founder, told EquityzenA platform for investment in private companies. “A lot of disturbances. All flights are based until further notice.”
Corpical Mark Klein investor Soro Capital CNBC previously told that the company could be the first in “The subscription procession.” Now it is retreating.
“It seems that the public subscription show has stopped temporarily,” Klein told CNBC via e -mail on Friday. “The current tariff status of these companies has pushed to stop and evaluate their impact.”

“The cave quickly”
During the presidential campaign for the past year, prominent capitalists such as Mark Andrink Trump is supportedIt is expected that his administration will enter into a boom and remove some obstacles to the emerging growth created by the Biden administration. Andresson and his partner Ben Horwitz said in July that their financial support for Trump’s campaign was because of what they called it better “Small technology agenda.”
Andressen Horowitz spokesman rejected the comment.
Some technicians who supported Trump in the campaign were transferred to social media to defend their sites.
Investment capitalist Keith Rabua, Managing Director of Khosla Fitshers, Posted on X On Thursday, “Trump’s distortion syndrome turned into a tariff syndrome.” he He said The definitions are not an inflationary, effective in reducing the imports of fentanel, and it is expected that “most other countries will quickly do the cave and the cave.”
It was before the China Finance Ministry said on Friday that it would impose a 34 % tariff On all goods imported from the United States starting April 10.
In Sequoia Capital, the largest investor in Clarna, Sean Maguire, Moayad Trump’s explicit, Books on x“The first long -term thinking president in my life,” he said in a Another separate This, “The stock price is almost nothing about the long -term health of the economy.”
However, the chief economist Elianz Mohamed El -Erian Friday Trump’s wide encroachment from Importing definitions The American economy is at risk of recession.
“You had a large version of growth prospects, with the US probability increased by 50 %, I saw an increase in inflation expectations, up to 3.5 %,” CNBC of Silvia Amaro said on the sidelines of the Ambrocity Forum in Kernobo, Italy.
Former executive managers of Microsoft Bill Gates, the left, and Steve Palmer, the center, are presenting pictures with CEO Satia Nadella during an event celebrating the fiftieth anniversary of the founding of Microsoft on April 4, 2025 in Redmond, Washington.
Stephen Brashir Gety pictures
Meanwhile, the executive officials of the Tech Megacap companies were largely silent this week, and public relations representatives refused to provide comments on their thinking.
Microsoft CEO Satia Nadila He was on a embarrassing site on Friday from celebrating his company Fifty anniversary At the company’s headquarters in Redmond, Washington. Besides the former Microsoft managers, Bill Gates and Steve Palmer, Nadella sat with Andrew Ross Sorkin from CNBC to conduct a televised interview planned before the Trump tariff was announced.
When asked about the customs tariff at the top of the interview, Nadella effectively avoid the question and avoid expressing his views about whether the new policies will hinder Microsoft’s business.
Palmer, who was succeeded by Nadila in 2014, Acknowledge your visit This “turmoil is very difficult for people” and this, “as a contributor to Microsoft, this type of things is not good.” Ballmer and Gates are two of the 12 richest people in the world thanks to Microsoft’s fortunes.
Suites may not be able to stay calm for a long time, especially if the recent disorders are leaking until next week.
Lise Buyer, who previously helped direct Google Through his public subscription and now works as a consultant for companies that are publicly considered, there is no appetite for risks in the market under these circumstances. But there is a risk that employees are increasing, and they will definitely look forward to their leaders for some reassurance.
The buyer said in an email message: “Until the markets settle and we have the opportunity to reach the evaluation levels, the executives of the public company must work to calm potential potential employees.” “The company’s departments must improve plans to obtain dollars already in the treasury.”
– This report contributed to this report in this report – Jordan Nouft, Leslie Becire, Annie Palmer and Samantha Subin South South Sodin in this report, Jordan Nouft, Leslie Becire, Annie Palmer and Samantha Subin Soden, Jordan Nouve, Leslie Picer In this report, Jordan Novt, Leslie Becire, Annie Palmer and Samantha Soben in this report, Jordan Nouvt, contributed to this report, Hayden Field contributed to the Haybah field contributed
He watches: It is said that harmony delays the public subscription

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