Broadcom stock slides 5% after-hours as Trump tariff threat sparks risk-off tech selloff
Broadcom shares fell 5.4% to $332.60 in after-hours trading, following a sharp selloff in tech stocks after President Trump threatened new tariffs on European goods. The Dow lost 1.75%, S&P 500 dropped 1.97%, and Nasdaq fell 2.19%. The dollar slid, while gold and silver hit new highs. Trump’s tariffs on imports from eight European countries take effect Feb. 1, rising to 25% in June if no deal is reached.