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BlackRock acquired $66 million in Bitcoin on the second day of stock market rout following President Donald Trump’s Liberation Day announcement of tariffs.

Shares of luxury hotels and casino operator Wynn Resorts (NASDAQ:WYNN) fell 7.8% in the morning session after China imposed a 34% tariff on all U.S. imports amid escalating trade war tensions. This was partly in response to the "reciprocal tariffs" announced by the Trump administration the previous day, with levies on Chinese goods estimated to be as high as 50%.

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 9.7% in the afternoon session after China imposed a 34% tariff on all U.S. imports amid escalating trade war tensions. This was partly in response to the "reciprocal tariffs" announced by the Trump administration the previous day, with levies on Chinese goods estimated to be as high as 50%.

Shares of analog chip manufacturer Texas Instruments (NASDAQ:TXN) fell 6.3% in the afternoon session after China imposed a 34% tariff on all U.S. imports amid escalating trade war tensions. This was especially rough for the US chipmakers because a big chunk of their business leans on demand out of China. The new tariffs not only threaten to erode profit margins but also risk reducing market share.

Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) fell 5.9% in the afternoon session after China imposed a 34% tariff on all U.S. imports amid escalating trade war tensions. This was partly in response to the "reciprocal tariffs" announced by the Trump administration the previous day, with levies on Chinese goods estimated to be as high as 50%.

Shares of computer processor maker Intel (NASDAQ:INTC) fell 10.9% in the afternoon session after China imposed a 34% tariff on all U.S. imports amid escalating trade war tensions. This was especially rough for the US chipmakers because a big chunk of their business leans on demand out of China. The new tariffs not only threaten to erode profit margins but also risk reducing market share.