Tech stocks showed signs of bouncing back on Tuesday, after getting walloped amid a steep market-wide sell-off.
U.S. markets experienced the worst day of the year on Monday as the escalating U.S.-China trade war stoked investors' fears about a global slowdown. Big Tech was, however, with Microsoft, Apple, Amazon, Alphabet and Facebook losing a combined $162 billion in market value.
The Dow ended Tuesday up 321 points, or 1.2%, after dropping 760 points, or 2.9%, in a single day on Monday. Tech companies continue to face the looming threat of the US trade war with China. Among them, Apple stands to be hit the hardest, given that it has greater exposure to the Chinese market. The company relies on China's manufacturing plants for many of its flagship products, such as the iPhone.
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