These Were the Big Movers in the S&P 500 on Thursday

Decliners

• The tariff announcement pressured shares of companies that manufacturer technological devices, which could face higher costs in their international supply chains. Dell Technologies (DELL) stock suffered the steepest drop in the S&P 500 on Thursday, plummeting 19%.
• Shares of fellow manufacturer HP (HPQ) dropped 15%. Other companies involved in the creation of computer hardware took a hit on Thursday: Western Digital (WDC), a manufacturer of hard disk drives and other data storage technologies, fell 18%.

• Best Buy (BBY) shares dropped 18%. Citi downgraded the electronics retailer's stock to "neutral" from "buy," highlighting the the likelihood of pressure on same-store sales as customers reject price increases. According to Citi analysts, the existing tariff plans on imports from China could result in a 5-percentage-point sales decline for Best Buy as consumers 澳洲幸运5官方开奖结果体彩网:limit discretionary spending, suggesting significant downside risk to the company's current guidance.

Advancers

• Shares of Lamb Weston Holdings (LW) bucked the downward pressure on the broader markets, jumping 10% to notch the strongest gains of any S&P 500 stock. The provider of frozen french fries and other potato products reported 澳洲幸运5官方开奖结果体彩网:better-tha𒀰n-expected sales and profits for its fiscal third quarter, highlighting progress on its efforts to improve operational efficiency despite persistent headwinds from subdued restaurant traffic. Activist investor Jana Partners, which acquired a sizable position in Lamb Weston late last year, has been pushing for changes as the company navigates a challenging environment.
• Numerous stocks with defensive characteristics, including several names in the health care sector, managed to push higher despite the turbulent market environment. Shares of insurance providers Molina Healthcare (MOH), Centene (CNC), and Elevance Health (ELV) added 7.5%, 5.9%, and 5.4%, respectively.
• A shift toward stocks with a better chance of withstanding a potential recession also helped boost shares of discount retailer Dollar General (DG), which advanced 4.7%. The company could be in a good position to attract cost-conscious shoppers if an economic downturn materializes and consumer sentiment continues to deteriorate.

-澳洲幸运5官方开奖结果体彩网:Michael Bromberg

Major Indexes Tracking for 6th Down Week in 7

The major U.S. stock indexes came into Thursday's session in positive territory for the week. But after today's tariffs-fueled rout, the S&P 500 and Nasdaq Composite are on pace to post weekly losses for the sixth time in the past seven weeks.

The S&P 500 is down 3.3% so far this week, while the Nasdaq Composite has given up 4.5% through Thursday's close. The Dow Jones Industrial Average has lost 2.5% so far this week, putting it on track for its fifth weekly loss in the last seven.

So far this year, the Dow has retreated 4.7%, while the S&P 500 is down🌜 8.3% and the Nasdaq has plunged🏅 14%.

Investopedia's Coverage of Thursday's Market Meltdown

Here's a sampling of our reporting today on the impact of President Trump's tariff announcement on financial markets:

• Just How Bad Was the Trump Tariff Stock Market Selloff on♈ Thursday
• W🍷atch These Apple Levels as Stock Slides After Trump Tariff Announcement
• Watch These QQQ Price Levels as꧅ Nasdaq 1🐻00 Fund Slumps on Tariff Fears
• Target and Other R🌄etail Stocks Sink ꧑as Investors Digest Trump Tariffs
• Nike Stock Tumbles as U.S. Tariff Hiജt Asian Suppliers
• Apple Leads Magnificent 7 S☂tocks Lower as Tariffs Land
• Coca-Cola,꧟ Gen꧟eral Mills Lift Staples Stocks as Tariffs Weigh on Markets
• 澳洲幸运5官方开奖结果体彩网:Domestic Auto Stocks Sink as Tariffs Take 🐬Effec꧙t
• Treasury Yields Approach 6-Month Loဣw as Tariffs Rattle Markets
• Diageo Gains as Mexican Tequila, Canadian Wh🐭iskey 𝔉Spared New Tariffs
• Walmart, Costco are Conꦗsumer Stocks to Consider Post-Tariffs🌼-Oppenheimer
• Oil Prices Drop Amid Worries About ▨Tariffs as ⛎OPEC+ Increases Supply
• Bitcoin Slides After Tar𝐆iffs News; Crypജto Stocks Retreat
• Ho🉐mebuilder Stocks Slump as Tariffs Endanger Housing Market Recovery
• Tariffs Could Make it Even Harder to Afford A꧋lready-Elevated Carဣ Payments
• Walmart, ✅Costco Likely to Fare Well Under Tariffs, U𝐆BS Says
• Tariffs Put Another Stock I🍰ndex on Track 🌱to Enter a Correction
• These Retail St♈ocks Aren't Suffering as Much as Their Competitors Today
  
• Bank Stocks Tumble as Tariffs Raise Reces🎐sion Risks
• Tꦓhese Chip Stocks Could Outpe🌄rform Others in Economic Downturn-Citi
• Jefferies Says Beauty Stocks Ar🧸e a Prudent Pick as Tariffs Jolt Markets
• RH Plunges 40% o🌊n Weak Earnings, Worries About Ta🍎riffs

Just How Bad Was Thursday's Selloff?

The magnitude of today's sell-off was unusual. Here are some data points that explain just how rough a day it was for the stock market:

• The S&P 500 fell 4.8%, its worst day since June 11, 2020, when concerns about a second wave of Covid-19 infections dashed hopes for a quick return to pre-pandemic life. Aside from that day, there have been only 4 worse days this decade, and all of them were in March 2020 at the height of the Covid rout. The benchmark index is now at its lowest level since August.
• The Dow Jones Industrial Average fell 1,679 points, its fourth-largest decline this decade and also the biggest since June 2020. The blue-chip index lost nearly 4% in Thursday's sell-off, putting it about 430 points—or 1%—from a 澳洲幸运5官方开奖结果体彩网:technical correction. The Dow is at its lowest level since September
• The Nasdaq Composite plummeted nearly 6%, its worst day since March 16, 2020, the day after the Federal Reserve dropped interest rates to near zero. With Thursday's losses, the index sits nearly 18% off its recent highs, putting it perilously close to a 澳洲幸运5官方开奖结果体彩网:bear market. The tech-heavy index is trading at its lowest level since August.

• Apple stock plummeted 9.4%, also its worst day since March 2020. The decline wiped about $315 billion off the iPhone maker’s 澳洲幸运5官方开奖结果体彩网:market capitalization, the second-largest decline for a single stock on record. 
• The Magnificent Seven as a whole lost a little over $1 trillion in market value, about equal to the combined market caps of JPMorgan Chase (JPM) and Netflix (NFLX)—the S&P 500's 13th and 19th largest companies, respectively—and slightly less than the gross domestic product of Saudi Arabia.
• The small-cap 澳洲幸运5官方开奖结果体彩网:Russell 2000 fell 6.6%, its worst day since June 2020. 
• Thursday's sell-off was incredibly broad. The equal-weight S&P 500 declined 4.8%, its biggest drop since June 2020 and enough to 澳洲幸运5官方开奖结果体彩网:put it in a correction. Four in five S&P 500 stocks lost ground on Thursday, with about 15% of the index recording declines of 10% or more. 
  

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

Lamb Weston Soars on Strong Earnings

Lamb Weston (LW), a maker of french fries and other potato products, was 🃏a notable outlier during Thursday's selloff.

Shares of the company gained 10% to lead S&P 500 🐷gainers after the potato processing giant reported better-than-expected quarterly results.

Lamb Weston reported fiscal third-quarter adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.10 on net sales of $1.52 billionꦡ. Analysts polled by Visi♕ble Alpha were looking for $0.86 and $1.48 billion, respectively.

"As a result of the actions we took in early fiscal 2025 to drive operational and cost efficiencies, we closed the quarter with sequentially improved volume trends and profitability metrics that were in line with our previously updated fiscal 2025 outlook," CEO Mike Smith said, noting the company expects "headwinds from soft restaurant traffic to persist."

Smith assumed the top role at Lamb Weston in January. The company 澳洲幸运5官方开奖结果体彩网:has faced pressure from activist investor Jana Partners.

Despite today's surge, Lamb Weston shares have lost more than 40% of their value over the past 12 months.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Auto Stocks Sink as Tariffs Take Effect

Domestic carmakers' shares fell Thursday after 澳洲幸运5官方开奖结果体彩网:auto-specific tariffꦓs took effect at midnight.

Economists have warned that a 25% tariff on cars and auto parts would  澳洲幸运5官方开奖结果体彩网:increase prices by thousands of dolඣlars. Some analysts said manufacturers' would struggle to pass al๊ong higher produc꧑tion prices without depressing demand.

Stellantis (STLA), the company behind Fiatꦜ and Chrysler, will pause production at plants in Mexico and Can🦄ada and assess the tariffs, according to CNBC, which reported that 900 "US-represented employees" would be temporarily laid off. Its shares fell 9% today.

General Motors (GM) shares dropped 4%, while Ford (F) shares retreated 6%. Electric vehicle manufacturers were also hit, with Rivian (RIVN) off nearly 8% and Tesla (TSLA) down 5.5%. Tesla shares seesawed yesterday following disappointing deliveries numbers and 澳洲幸运5官方开奖结果体彩网:reports 🐬that CEO Elon Musk may take a s🌠tep back&n𒈔bsp;f𓂃rom his work with the Trump administration.

The auto tariffs took effect hours after President Donald Trump 澳洲幸运5官方开奖结果体彩网:unveile𝄹d a package of "reciprocal" tariffs&n♛bsp;aimed at what he descri𝔉bed as other nations' unfair trade practices.

-澳洲幸运5官方开奖结果体彩网:Sarina Trangle

These Two Retail Stocks Are Holding Up Today

Two discount retail shares managed to avoid the steeper dropoffs seen by some other big retailers in the wake of the Trump administration's 澳洲幸运5官方开奖结果体彩网:latest tariffs.

TJX Cos. (TJX) shares edged higher in recent trading Thursday. Ross Stores (ROST) ticked a bit lower, but its decline was notably smaller than those of Target (TGT), Best Buy (BBY), and Five Below (FIVE), all of which were down more than 10%.

Citi analysts upgraded Ross and TJX, parent company of T.J. Maxx and HomeGoods, to "buy" ratings on Thursday. They lifted their price target on the latter stock to $140, in line with the Street's consensus according to Visible Alpha, from $128, saying the retailer is "as well positioned as ever."

"Tariffs are likely to create significant disruption in the [market], greatly increasing the availability of product available to off-pricers at attractive prices," the analysts wrote. "At the same time, a potentially weakening consumer environment will mean more consumers are likely to trade down to the off-price channel in search of value."

澳洲幸运5官方开奖结果体彩网:Oppenheimer and 澳洲幸运5官方开奖结果体彩网:UBS analysts also issued notes Thursday on the retail industry, saying giants like Walmart (WMT) and Costco (COST) are likely to ♛weather the tariff storm as well.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Bank Stocks Slide as Tariffs Raise Recession Risks

Shares of major U.S. banks were sharply lower on Thursday as Wall Street reacted to President Donald Trump’s 澳洲幸运5官方开奖结果体彩网:announcement of sweeping tariffs that economists warn could stunt economic growth and reignite infl🔜ation. 

The KBW Nasdaq Bank Index (BKX) was down nearly 9% in recent trading. A decline of that size would represent the index’s worst day since the regional banking crisis of March 2023, when the collapse of 澳洲幸运5官方开奖结果体彩网:Silicon Valley and Signature Banks coincided with an 11% drop for the 澳洲幸运5官方开奖结果体彩网:benchmark index. 

Regional banks Western Alliance (WAL) and Zions Bancorp (ZION), both down double digits Thursday, were leading the index’s decliners. Among the largest U.S. banks, Citigroup (C) and Bank of America (BAC) were the hardest hit, falling 12% and 11%, respectively. Shares of JPMorgan Chase (JPM), one of the world’s largest banks, were down 6%, while 澳洲幸运5官方开奖结果体彩网:investment banks Morgan Stanley (MS) and Goldman Sachs (GS) were both off more than 8%. 

Banks aren’t directly affected by Trump’s tariffs, which apply first to companies that buy and sell goods. However, like all services, banking benefits from a healthy economy in which businesses and consumers are borrowing, 澳洲幸运5官方开奖结果体彩网:investing, and spending. 

Economists have warned that the new tariffs, which could lift America’s overall tariff rate to its highest level in a century, threaten to slow economic growth, reduce investment, and weigh on consumer spending. Many investors and economists are concerned the tariff fallout 澳洲幸运5官方开奖结果体彩网:could result in stagflation and complicate the Federal Reserve's efforts to bring inflation down to its 2% target without pushing the economy into a 澳洲幸运5官方开奖结果体彩网:recession.

Deutsche Bank analysts on Wednesday warned that the tariffs as outlined could shave 1 to 1.5 percentage points off U.S. gross domestic product growth this year—"meaningfully raising recession risks"—and tack a similar amount onto the 澳洲幸运5官方开奖结果体彩网:core inflation rate.

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

Oil Prices Plunge on Tariff Concerns, OPEC Output Plans

Oil prices dropped Thursday amid worries about an escalating trade war from 澳洲幸运5官方开奖结果体彩网:Trump's tariffs, as OPEC and its allies sped up plans to increase output and unwind supply🔴 cuts.

澳洲幸运5官方开奖结果体彩网:Brent crude futures were recently trading at $70.05 per barrel Thursday, while 澳洲幸运5官方开奖结果体彩网:West Texas Intermediate futures, the🍒 U.S. benchmark, were at about $66.80, both down nearly 7%. 

The Organization of🍌 the Petroleum Exporting Countries and allies (OPEC+), a grouping led by S🌺audi Arabia and Russia, said i🐎n a statement Thursday that it would add 411,000 barrels a day to the market next month, “equivalent to three monthly increments.”

“This comprises the increment originally planned for May 🌺in addition to two monthly increments,” the grouping said.

In early March, the group affirmed plans to gradually increase crude production beginning in April, ending a voluntary program it started almost two years ago to prop oil prices. The group had a policy of 澳洲幸运5官方开奖结果体彩网:voluntary production cuts of 2.2 million 澳洲幸运5官方开奖结果体彩网:barrels per day (B/D).

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Equal-Weight S&P 500 on Track to Enter Correction

The equal-weight S&P 500 tumbled Thursday, putting the index on track to close in a correction as 澳洲幸运5官方开奖结果体彩网:U.S. stocks reeled&n💧bsp;from President Trum💃p's announcement of far-reaching tariffs. 

The 澳洲幸运5官方开奖结果体彩网:equal-weight S&P 500 fell as much as 4.4% Thursday, its biggest intraday decline since June 2022 when inflation was running at a 40-year high. The index was down 4% recently and on track to close in 澳洲幸运5官方开奖结果体彩网:correction territory, defined as a 10% decline from its recent high.

The equal-weight S&P 500, as its name suggests, gives equal weight to every component of the index, meaning a 1% move in the share price of the index’s smallest company has as much impact as a 1% move in the price of its largest. The standard 澳洲幸运5官方开奖结果体彩网:capitalization-ဣweighted S&P 500, on the oth♒er hand, assigns stocks an index weight that is proportionate to the company’s market ಌvalue. 

The equal-weight S&P 500’s correction signals the current sell-off is broader than the declines earlier this year. The 澳洲幸运5官方开奖结果体彩网:Magnificent Seven, which led the stock market’s gains throughout 2023 and 2024, 澳洲幸运5官方开奖结果体彩网:entered a correction in late February as increasing economic uncertainty and moderating earnings growth 澳洲幸运5官方开奖结果体彩网:compel💎led investors to take profits. A week later, the tech-heavy Nasdaq Composite also slipped into a correction, 澳洲幸运꧙5官方开奖结果体彩网:followed by the cap-weighted S&P 500 a week later. 

About 80% of the stocks in the S&P 500 were trading in the red on Thursday afternoon after President Trump 澳洲幸运5官方开奖结果体彩网:unveiled sweeping tariffs that economists and investors worry will slow growth while raising prices for businesses and cons♉umers. 

Bitcoin, Cyrpto Stocks Retreat After Tariff News

Bitcoin extended its recent retreat Thursday, with the price of the leading cryptocurrency falling in the wake of President Donald Trump's latest tariff announcement.

Bitcoin was trading below $82,000 after the late-Wednesday news of 澳洲幸运5官方开奖结果体彩网:new tariffs that sho♚ok global markets and eroded investors' interest in risk assets. The digital currency was a🍨round $88,000 before Trump unveiled the new trade measures late yesterday afternoon.

The news also hit crypto-related stocks. Strategy (MSTR), the Bitcoin buyer that recently changed its name from MicroStrategy, was off 9%. Crypto exchange Coinbase Global (COIN) fell more than 7%, while trading platform Robinhood Markets (HOOD) slipped about 10%.

Crypto mining company Mara Holdings (MARA) fell 9%.

Bitcoin's retreat extends a slide from six-digit prices last seen in February following a runup driven by optimism about cryptocurrency in the wake of Trump's election.

ꦦThe total market cap of cryptocurrency, recently around $2.6 trillion, has fallen some 6% over the past 24 hours, according to CoinMarketCap data.

-澳洲幸运5官方开奖结果体彩网:David Marino-Nachison

Oppenheimer Recommends Defensive Consumer Stocks

Investors should consider defensively oriented consumer stocks over discretionary shares after President Trump's latest tariff announcement, Oppenheimer analysts said Thursday.

The analysts in a note said stocks like Arm & Hammer brand owner Church & Dwight (CHD), Costco Wholesale (COST), over-the-counter products company Prestige Consumer Healthcare (PBH), and Walmart (WMT) could hold up better than those of companies like appliance maker Sharkninja (SN) and Target (TGT).

"Assuming the announced tariffs come to fruition, we clearly favor our defensive Outperform-rated names along with Ulta Beauty (ULTA) over more discretionary names" in the short term, O𒈔ppenheimer's note said.

If material tariffs stay in place and retailers are forced to raise prices, Oppenheimer said, consumer spending could take a hit. Some retailers, however, mi💟ght see a near-term boost in spending as shoppers look to spend before price hikes arrive.

Some beauty products makers, such as e.l.f. Beauty (ELF) and Helen of Troy (HELE), could find it hard to ma꧅intain profit margins under the tariff regime, even with higher prices and productivity, according to Oppenheimer.

-澳洲幸运5官方开奖结果体彩网:Jordyn Bradley

Treasury Yields Approach 6-Month Low

Treasury yields tumbled on Thursday to nearly a 6-month low, a day after President 🐼Trump announced sweeping tariffs that shook stock markets around the world. 

The yield on the 10-year Treasury, which affects borrowing costs on all sorts of loans, tumbled Thursday morning to as low as 4.00%, down from 4.20% late yesterday and at its lowest level since mid-October. The 澳洲幸运5官方开奖结果体彩网:bond rally—when bond prices go up, yields fall—came amid a global stock sell-off that put the S&P 500 澳洲幸运5官方开奖结果体彩网:down more than 4% in late-morning trading.

Trump on Wednesday afternoon announced a 10% flat rate tariff on nearly all U.S. imports, as well as 澳洲幸运5官方开奖结果体彩网:steeper country-level rates aimed at America’s largest trading partners, including China, the Europe🌸an Union, and Japan. The tariffs, Trump says, are meant to raise federal revenue and revive American manufacturing. 

Economists warn the levies could have unintended consequences, including higher prices for businesses and🍸 consumers, lower domestic investment, and softer consumer spending, all of which woul✅d slow the economy. 

Trump♛ campaigned on lower interest rates, and since returning to the White House has repeatedly called on the Federal Reserve to cut rates. The 10-year Treasury yield has declined since Trump’s inauguration, but not for the reason he mi𓄧ght like.

Trump’s tariffs and government cost-cutting initiative have raised the risk of the U.S. entering a recession, an outcome that could force the Federal Reserve to intervene by lowering its 澳洲幸运5官方开奖结果体彩网:federal funds rate. His policies have also rattled financial markets, sending investors into traditional safe-haven assets like Treasurys and gold, which has 澳洲幸运5官方开奖结果体彩网:notched a series of record highs amid this year’s market turmoil.

Lower Treasury yields tend to translate into lower consumer rates on products like 澳洲幸运5官方开奖结果体彩网:mortgages and 澳洲幸运5官方开奖结果体彩网:car loans, which have been hovering at multi-decade highs ever since the Federal Reserve began raising rates in M✱arch 2022 to tame surging inflation.

However, Trump’s tariffs threaten to slow economic growth and stoke inflation, raising concerns that the U.S. is on a collision course with 1970s-style 澳洲幸运5官方开奖结果体彩网:stagflation, a scenario in which the Fed 澳洲幸运5官方开奖结果体彩网:may not have much leeway to cut rates and stimulate the economy.

-澳洲幸运5官方开奖结果体彩网:Colin Laidley

Coca-Cola, General Mills Lift Staples Amid Broader Selloff

Stock-market investors are playinꦐg defense today.

The major U.S. indexes are in retreat Thursday morning following Donald Trump's announcement of wide-ranging tariffs, with all but one of the S&P 500's 11 sectors in the red. The sole exception is the 澳洲幸运5官方开奖结果体彩网:consumer staples sector, considered defensive in nature.

Consumer staples stocks are broadly rising, including Colgate-Palmolive (CL), Procter & Gamble (PG), and frozen potato company Lamb Weston (LW), the latter which is among the morning's top gainers in the benchmark index, rising nearly 8% after 澳洲幸运5官方开奖结果体彩网:reporting results.

Some other big consumer-oriented brands are rising today, including McDonald's (MCD) and Coca-Cola (KO), as well as grocer Kroger (KR), and cereal maker General Mills (GIS). Walmart's (WMT) shares ticked lower.

Meanwhile, discretionary and tech shares are dropping, the former sector retreating more than 5% in recent action. Among the index's top decliners today are housewares company Williams Sonoma (WSM), consumer electronics retailer Best Buy (BBY) and game and toy company Hasbro (HAS).

-澳洲幸运5官方开奖结果体彩网:David Marino-Nachison

Watch These QQQ Levels as Nasdaq 100 Fund Slides

The Invesco QQQ Trust (QQQ), an exchange-traded🍸 fund (ETF) that tracks the Nasdaq 100 index, plunged early Thursday after President Trump imposed  澳洲幸运5官方开奖结果体彩网:sweeping reciprocal tariffs yesterday. 

The fund’s top three holdings—iPhone maker Apple (AAPL), software giant Microsoft (MSFT), and AI favorite Nvidia (NVDA)—all suffered steep after the tariffs were ann🍌ounced. Investors worry the new duties may inflate manufacturing costs and consumer prices, both of whichꦆ could weigh on corporate profits.

Prior to today’s slide, the QQQ fund had tumbled 7% since the start of the year amid concerns over 澳洲幸运5官方开奖结果体彩网:tariff uncertainty, significant AI spending and moderating Big Tech earnings. The QQQ was down more 4% at around $426 in recen๊t 𓄧trading.

Since setting its 澳洲幸运5官方开奖结果体彩网:record high in mid-February, the QQQ fund has trended sharply lower, forming a classic 澳洲幸运5官方开奖结果体彩网:double top pattern in the process. Importantly, increasing 澳洲幸运5官方开奖结果体彩网:trading volume has accompanied the move lower, indicating active selling by index-tracking market participants like 澳洲幸运5官方开奖结果体彩网:institutional investors and pension funds.

Earlier this week, the fund’s price slumped beneath the mid-March low before staging an intraday reversal to close above that closely watꦫched level. However, the recent bullish momentum has hi🐬t a road block.

Investors should watch key support levels on QQQ's chart around $448 and $430, while also monitoring vital resistance levels near $503 and $537.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Nike Tumbles as Tariffs Hit Asian Suppliers

Nike (NKE) shares plunged in early trading after President Donald Trump imposed 澳洲幸运5官方开奖结果体彩网:steep reciprocal tariffs on Vietnam and other A🗹sian countries where the sneaker giant makes most of its pr🎃oducts.

The U.S. imposed a 46% tariff on Vietnamese goods, 32% on Indonesia, and 49% on Cambodia. President Trump also announced 34% levies on imports from China in addition to previously imposed 20% tariffs on goods from Asia's largest economy. 

According to its fiscal 2024 annual report, factories in Vietnam, Indonesia, and Chin💦a manufactuಞred approximately 50%, 27%, and 18% of its footwear, respectively, while factories in Vietnam, China, and Cambodia made 28%, 16%, and 15% of apparel.

"Potential incremental Vietnam tariffs appear under-appreciated by investors, & could prove a notable headwind given significant sourcing exposure across our coverage," Morgan Stanley analyst Alex Straton recently wrote, noting that apart from Nike, sneaker companies Allbirds (), Skechers (SKX) and On Holding (ONON) are "potentially most𝓰 exposed" from levies impo🧸sed on the Southeast Asian country.

Nike shares were down 11% in early trading, while On Holding, Skechers, and Allbir🗹ds each dropped more than 12%.

-澳洲幸运5官方开奖结果体彩网:Nisha Gopalan

Retailer Stocks Hammered by News on Tariffs

Shares of Walmart (WMT), Target (TGT) and other retailers sank in premarket trading Thursday after the Trump administration 澳洲幸运5官方开奖结果体彩网:announced sweeping💜 reciprocal tariffs against U.S. trading partners.

Shares of Best Buy (BBY), Dollar Tree (DLTR), Dollar General (DG), Costco Wholesale (COST), Five Below (FIVE), and Macy's (M) also lost ground amid a 澳洲幸运5官方开奖结果体彩网:broader market decline, with Do🥃llar Tree and Best Buy shares down over 12%, and Five Below shares tumbling 19%.

A number of retailers, includingTarget and Best Buy, have previously warned that such tariffs could 澳洲幸运5官方开奖结果体彩网:negatively impact their profit margins unless they and their suppliers 澳洲幸运5官方开奖结果体彩网:raise prices.

Amid uncertainty about the impact tariffs will have on the economy, The National Retail Federation on Wednesday projected 澳洲幸运5官方开奖结果体彩网:retail spending growth could slow in 2025.

Several economists 澳洲幸运5官方开奖结果体彩网:warnedꦯ after Wednesday's announcement that the higher-than-expected tariff rates could lead to higher prices, while♐ some suggested that the April 9 d🌌eadline leaves time for negotiations.

-澳洲幸运5官方开奖结果体彩网:Aaron McDade

Watch These Apple Levels as Stock Plunges on Tariff News

Apple (AAPL) shares tumbled in premarket trading after President Trump unveiled 澳洲幸运5官方开奖结果体彩网:sweeping reciprocal tariffs, including a 澳洲幸运5官方开奖结果体彩网:steep 34% import tax on China, the country where the company manufactures about 90% of its iP✅hon💙es.

Not only could Washington’s tariffs raise the price of the tech giant’s devices imported into the U.S., but they may also slow sales in China, 🌳Apple’s second largest market, should Beijing impose retaliatory levies on U.S. companies🦄 operating in the country. 

As of Wednesday’s close, Apple shares trade down a little over 10% since the start of the year and 14% below their 澳洲幸运5官方开奖结果体彩网:record high set in December, in part over uncertainty surro✱unding the Trump adm🎐inistration’s trade policies. The stock was down more than 7% to around $207 before the opening bell on Thursday.

Since setting their record high in late December, Apple shares have trended lower within a 澳洲幸运5官方开奖结果体彩网:descending channel. More recently, the stock attracted buying interest near the pattern’s lower trendline, though the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI)&nb🐽sp;has failed to reclaim the 50 threshold despite the upswing, indicating weak buying momentum.

It’s also worth pointing out the 澳洲幸运5官方开奖结果体彩网:50-day moving average (MA) sits poised to cross below the 200-day MA to form an ominous 澳洲幸运5官方开奖结果体彩网:death cross—a chart pattern that signals the start of a new move lower. Indeed, the shares look set to test the 𓄧descending channel’s lower trendline in early trading on Thursday.

Investors should watch major support levels on Apple's chart around $207 and $197, while also monitoring important resistance levels near $237 and $247.

Read the full 澳洲幸运5官方开奖结果体彩网:technical analysis piece here.

-澳洲幸运5官方开奖结果体彩网:Timothy Smith

Major Stock Indexes Poised to Open Sharply Lower

Futuꦉres tied to the Dow Jones Indust⭕rial Average were down 3%, or more than 1,200 points.

S&P 500 futures were off 3.6%.

Nasdaq 100 futures tumbled 4%.