The Markets Pulse
Tech and Tariffs: Not All Stocks Are Built Equal If you looked only at the index level, you’d think stocks had a quiet week. But underneath that, is a very clear story formed. The Nasdaq 100 (NQ) closed Friday at 20,170, up about 1% from Monday. It didn’t do anything crazy, but it moved with intention. And the reason was simple: tech is less exposed to tariffs than industrials or energy. Take a look: Microsoft (MSFT) finished the week at $438.73, gaining nearly 2% on strong cloud momentum. Nvidia (NVDA) jumped to $116.65, recovering from a wild April as chip optimism returned. Apple (AAPL) stayed steady at $198.53, as supply chain fears slowly faded. With the U.S. striking a trade deal with the UK, China talks underway, and Trump urging people to buy stocks… it has certainly caused a rally in the markets.