08:49 AM EDT, 04/03/2025 (MT Newswires) -- Technology stocks declined premarket Thursday, with the Technology Select Sector SPDR Fund (XLK) down 4.8% and the SPDR S&P Semiconductor ETF (XSD) 4.5% lower recently.

Apple ( AAPL ) shares fell past 7% after President Donald Trump announced heavy tariffs on imported goods. The company is particularly vulnerable to tariffs on China, which is at the heart of its supply chain and will be hit with 54% in total tariffs, media outlets reported.