Tesla was particularly battered as it joined Apple (-3%) and Nvidia (-3%), as American multinational companies with the highest proportion of sales in China.

Tesla’s stock fell 5% on Monday, the biggest drop for any member of the so-called Magnificent Seven, while Apple shares dropped 3%.

Check back for updates throughout the trading dayU.S. equity futures moved higher in early Friday trading, with the dollar on pace for its best week in seven, as markets found support from another solid set of tech earnings while waiting for a final word from the White House of the first round of tariffs from President Donald Trump.

President Donald Trump's decision to impose tariffs on goods from China and Canada has resonated widely in the market. According to CNBC, Tesla and Apple recorded drops in their 5% and 3% stock values,