Big Tech stocks recovering after brutal start to the week

Key Points
  • Big Tech names showed signs of recovering on Tuesday after getting walloped amid a broader market sell-off on Monday.
  • Apple, Microsoft, Alphabet, Amazon and Facebook all edged higher on Tuesday.
  • The market had its worst day of 2019 on Monday, as trade tensions grew between the U.S. and China.
Loup Ventures' Gene Munster: Chinese business will remain intact for Apple

Tech stocks showed signs of bouncing back on Tuesday, after getting walloped amid a steep market-wide sell-off Monday.

Shares of Facebook, Microsoft, Amazon and Alphabet all climbed more than 1% on Tuesday. Apple closed up 1.9% , after suffering the biggest percentage decline on Monday.

U.S. markets experienced the worst day of the year on Monday as the escalating U.S.-China trade war stoked investors' fears about a global slowdown. Big Tech was hit particularly hard, however, with Microsoft, Apple, Amazon, Alphabet and Facebook losing a combined $162 billion in market value.

The Dow ended Tuesday up 321 points, or 1.2%, after dropping 760 points, or 2.9%, in a single day on Monday. 

Tech companies continue to face the looming threat of the US trade war with China. Among them, Apple stands to be hit the hardest, given that it has greater exposure to the Chinese market. The company relies on China's manufacturing plants for many of its flagship products, such as the iPhone.