Live China retaliates as Trump's massive tariffs kick in across the world. See the latest. Shenzhen - Delayed Quote • CNY Jinfa Labi Maternity & Baby Articles Co., Ltd (002762.SZ) Follow Compare 5.24 +0.05 +(0.96%) At close: 3:04:21 PM GMT+8 Related News Walmart warns on Trump tariff risk to profits Walmart maintains its outlook despite Trump tariffs taking hold. Delta reports 'murky' outlook, plans to reduce capacity as tariff uncertainty weighs on growth Delta Air Lines delivered a beat on earnings per share while revenues missed analyst expectations as elements from a "slower-growth" Q1 clouded the airline's full-year guidance. China tariffs, Delta earnings, Fed commentary: What to Watch Market Domination Overtime host Josh Lipton examines what Wall Street will be watching on Wednesday, April 9. US President Trump's 104% tariffs on imports from China are set to take effect at midnight. Delta Air (DAL) will report first quarter earnings before the opening bell, and Constellation Brands (STZ) will announce earnings results after market close. Richmond Federal Reserve president Tom Barkin will speak, offering fresh commentary from the central bank. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Stock market today: Dow sinks 300 points, S&P 500 nears bear market as Trump's tariffs keep roiling Wall Street Investors are digesting tariff whiplash after the White House confirmed plans to levy 104% tariffs on China, set to go into effect at 12:01am ET. Oil prices could fall to the $50 range by year-end if there's a recession, Goldman Sachs says Oil could head substantially lower if Trump's tariffs go into effect as planned, and there's a recession. Stocks set to surge, Levi's & Walgreens earnings: 3 Things Here are three stories Wall Street is watching ahead of the market open. All three of the major averages (ES=F, NQ=F, YM=F) are set to surge at the open as hopes grow for trade deals, despite President Trump insisting that his new tariffs will go into effect tomorrow. The recent market sell-off has both Goldman Sachs and BlackRock making downbeat calls on stocks. Two stocks that are rising after earnings are Levi Strauss (LEVI) and Walgreens Boots Alliance (WBA). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Trump tariffs pose significant profit risk to Walmart Walmart could be walloped in a worst-case tariff scenario. 5 Things to Know Before the Stock Market Opens News of the day for April 9, 2025 PC Shipments Grew Fastest in Four Years to Avoid Tariffs (Bloomberg) -- PC shipments grew at their fastest quarterly pace since the pandemic after companies from Apple Inc. to Dell Technologies Inc. hastened product deliveries around the world before tariffs hit.Laptops led the way as the entire spectrum of desktops, workstations and portable computers rose 9.4% to 62.7 million units in the first quarter, according to market tracker Canalys. It was the fastest increase for the industry since the spring of 2021, when Covid restrictions were driving dem Airlines’ Dreams of a Banner Year Are Over Just about everything is going wrong for U.S. airlines. Delta Air Lines on Wednesday ditched its full-year financial outlook and said it was too soon to say how things would play out. The mounting pessimism is an about-face for Delta, which predicted 2025 would be its best financial year ever. Walmart Reaffirms 1Q Sales Ahead of Tariffs Walmart reaffirmed its first-quarter sales guidance and widened its range for operating income growth to stay flexible on pricing as tariffs go into effect. Reeves seeks to reassure City as markets slide again over US tariffs A 10% tax on all UK exports to the US came into effect on Wednesday morning. Stock market slides again as Trump tariffs come into effect The Chancellor will meet her Indian counterpart later on Wednesday as she seeks trade deals with countries other than America. UK braced as more US tariffs kick in amid fears of widespread economic damage Countries across the world are braced for potential widespread economic damage from Donald Trump’s global tariffs. Dow, S&P 500 Futures Falling as Treasury Yields Surge U.S. stock futures were swinging between gains and losses early on Wednesday after President Donald Trump’s tariffs kicked in. Dow Jones Industrial Average futures were down 155 points, or 0.4%. S&P 500 futures were down less than 0.1% and Nasdaq 100 futures were rising 0.5%. Apple Supplier Luxshare to Maintain Vietnam Production Hub to Support U.S. Market Luxshare Precision Industry, a key assembler of the iPhone and other Apple products, said it will maintain large-scale production in Vietnam and continue exports from there to the U.S., responding to President Trump’s tariffs. US 30-year mortgage rate dropped last week, applications surged The average contract rate on a 30-year fixed-rate mortgage fell 9 basis points in the week ended April 4, the Mortgage Bankers Association said on Wednesday. Mortgage rates closely track the 10-year Treasury note yield, which ended last week at a six-month low as investors fearful of a tariff-induced recession fled to the safety of U.S. government bonds. Delta drops outlook for 2025 and says growth has stalled in trade war Delta Air Lines pulled its guidance for 2025 Wednesday as the trade war scrambles expectations for business and household spending and depresses bookings across the travel sector. “With broad economic uncertainty around global trade, growth has largely stalled," CEO Ed Bastian said in a statement on Wednesday. In the first quarter, Delta earned $240 million, or 37 cents per share. Walmart Showcases Business Strategy Focused on Driving Growth and Shareholder Value BENTONVILLE, Ark., April 09, 2025--Walmart (NYSE: WMT) is hosting its Investment Community Meeting where leadership is sharing its focus on driving growth and creating shareholder value. The meeting will highlight Walmart’s people-led, tech-powered omnichannel strategy, and why it is uniquely positioned to sustain attractive growth and create shareholder returns. Delta Air Lines Pulls Guidance on Trump Tariff Uncertainty. Why the Stock Is Rising. Delta Air Lines scraps its full-year guidance Wednesday and warns ‘growth has largely stalled’ amid global economic uncertainty. Performance Overview Trailing total returns as of 4/9/2025, which may include dividends or other distributions. Benchmark is SSE Composite Index (000001.SS) Return 002762.SZ SSE Composite Index (000001.SS) YTD -9.66% -4.92% 1-Year -32.73% +4.54% 3-Year -38.30% -2.00%