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Nike, Wayfair, and Other Retail Stocks Rally on Possible Vietnam Tariff Deal
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Shares of apparel and footwear makers were rallying Friday after President Donald Trump said Vietnam wanted to cut tariffs on the U.S., a move investors hope will lead to lower import tariffs for Vietnamese products. The SPDR S&P Retail ETF was ticking up 0.2% Friday. Nike stock was up 4.5%, Lululemon Athletica rose 2.2%, Gap was up 5.9%, Williams-Sonoma added 3.6%, Wayfair was up 1.8%, and Abercrombie & Fitch rose 6%.
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