Dan Gallagher
Technology Columnist, Heard on the Street at The Wall Street Journal
Tech and media for Wall Street Journal's Heard on the Street column. Checked since 2021. Opinions are what I'm paid for. AKA d58gallagher
Articles
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1 week ago |
shawangunkjournal.com | Dan Gallagher
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2 weeks ago |
wsj.com | Dan Gallagher
Few companies have capitalized on a globalized economy better than Apple. So the end of the globalized economy has painful implications for the iPhone maker. That helps explain why Apple’s stock price has fared the worst among megacap techs since President Trump’s announcement last week of shockingly high tariffs. Those goods include nearly every hardware product of the $300 billion worth that Apple sells every year.
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2 weeks ago |
wsj.com | Dan Gallagher
That title now belongs to Microsoft, following Tuesday’s closing bell. Apple’s shares fell 5% for the day and are now down 23% since last week’s tariff announcement. That puts Apple’s market capitalization at $2.59 trillion. Microsoft, down only 7% over the same period, closed Tuesday with a market cap of $2.64 trillion. The two companies have jostled for the top position a few times over the past five years.
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2 weeks ago |
wsj.com | Gina Heeb |Miriam Gottfried |Dan Gallagher
$13.75/Week $1.75/Week Includes digital access to The Wall Street Journal, MarketWatch, Barron's and Investor’s Business Daily
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2 weeks ago |
wsj.com | Gina Heeb |Miriam Gottfried |Dan Gallagher
Shares of private-equity firms slid, while consumer staple companies were relatively unscathedFew areas were spared in the stock market’s huge selloff this week, with all 11 of its sectors ending in the red after President Trump unveiled his dramatic tariff plans. Banks and private-equity firms were among the biggest losers. Investors fear Wall Street firms would be hit hard by a recession, with companies and individuals pulling back on borrowing and dealmaking drying up.
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Apple's stock just staged its biggest one-day rally in more than 25 years. AND it's still down 11% from last week's tariff shock. Trade war far from over and poses big question on margins. $AAPL https://t.co/AUGQXGV0ug
Six largest tech cos have lost a combined $1.7 trillion in market cap over the last two days. That's a 12% drop. More here - >
The Big Losers in Trump’s Tariff Chaos—and a Couple of Survivors https://t.co/AOtGdkTPNF
Why Amazon and Meta (Facebook) are getting hit especially hard in the tariff selloff. Closing the de minimis loophold for low-priced Chinese goods is bad for both. $AMZN $META https://t.co/71mbBO4g86
