Trump’s trade war is bruising Apple — and your 401(k)
CNN
President Donald Trump’s swipes at Apple aren’t just bruising the company’s bottom line — they may also be taking a bite out of your 401(k).
President Donald Trump’s swipes at Apple aren’t just bruising the company’s bottom line — they may also be taking a bite out of your 401(k). The president’s chaotic trade war continues to threaten Apple’s business model, which relies extensively on international supply chains. Apple’s stock has tumbled 20% this year after hitting a record high in December. The company’s stock dropped 3% in one day earlier this month after Trump demanded Apple move all of its production to the United States. As the tech giant grapples with the president’s tariff threats, Americans’ retirement savings have taken a hit, too. Apple, the third-largest US company by market value, is a core component of many retirement plans, such as 401(k)s. Retirement savings are often invested in funds that track the S&P 500, and (AAPL) accounts for 6% of the S&P 500’s value, according to Howard Silverblatt, senior index analyst at S&P Dow Jones Indices. The S&P 500 is weighted by market value. That means the larger a company is, the more it influences the index. The tech giant has shed nearly $1 trillion in market value this year. Its market value topped a record high $3.9 trillion in December, according to FactSet, but was down to just above $3 trillion as of Friday.
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