From Nasdaq: 2025-04-29 04:19:00

President Donald Trump’s tariffs are causing volatility in the stock market, with the S&P 500 and Nasdaq Composite seeing a correction. Amazon, a key player in e-commerce and cloud computing, has dropped over 20% from its peak due to the trade war impact.

Billionaire Mark Cuban warns of Amazon’s vulnerability to tariffs, stating that the situation could get “ugly” for the company. Amazon’s exposure to China and its reliance on discretionary products make it susceptible to the effects of the trade war.

Amazon is facing challenges from the trade war, with third-party sellers raising prices on Chinese imports due to new tariffs. The company’s e-commerce revenue heavily depends on North America, leaving it exposed to American market conditions and potential slowdowns.

While Amazon’s exposure to tariffs poses risks, the stock price reflects much of this concern. Trading at a modest P/E ratio compared to the S&P 500, investors expect growth from the company. Amazon’s upcoming earnings report will shed more light on the impact of tariffs on the tech giant.

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3. The unemployment rate dropped to 8.4% in August, a significant improvement from previous months. However, experts warn that the recovery is fragile and more government support is needed to sustain economic growth.

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5. Apple unveiled its latest products, including the iPhone 12 with 5G capabilities. The company also announced new Apple Watch models and a subscription service bundle, driving excitement among consumers and investors alike.



Read more at Nasdaq: As Trump’s Tariffs Continue to Cause Chaos in the Market, Mark Cuban Warns About an “Ugly” Future for Amazon