Nasdaq 100: Apple’s Tariff Win Fuels Rally—Can It Maintain Market Momentum?…

Moreover, duties on imports from non-Chinese language international locations have been trimmed to 10%, whereas tariffs as excessive as 145% stay on items sourced instantly from China. The coverage shift offers momentary respiration room for Apple, however the administration has warned the exemptions could not final, leaving markets cautious.

What’s Behind the Restricted Market Response?

Regardless of Monday’s features, Apple remains to be down roughly 9% in April after an eight% drop in March. The inventory’s Q1 efficiency marked its worst quarterly return in practically two years.

Commerce Secretary Howard Lutnick’s feedback about upcoming tech-specific tariffs have stored traders cautious, whereas President Trump’s ambiguous remarks bolstered the notion that the present reprieve might be fleeting.

What Are Analysts Saying?

Analysts are break up. Needham’s Laura Martin famous the logistical hurdles and value implications of shifting manufacturing out of Asia, suggesting any shift would take years and drive up product costs.

Melius Analysis’s Ben Reitzes sees margin reduction however warned that Apple will not be “out of the woods” simply but.

Citi maintained a “purchase” score however reduce its value goal from $275 to $245, citing broader macro pressures and trimming iPhone cargo estimates by 1%.