Live Stocks are sliding as Trump's China trade war intensifies. See the latest. Tokyo - Delayed Quote • JPY VALUENEX Japan Inc. (4422.T) Follow Compare 492.00 +30.00 +(6.49%) At close: 3:08:22 PM GMT+9 Related News New car market already shows signs of tariff impact CarMax (KMX) reported earnings, offering investors insight into the state of the auto market. Autolist editor in chief David Undercoffler joins Wealth host Brad Smith to break down how the new and used car markets are reacting to tariffs. To watch more expert insights and analysis on the latest market action, check out more Wealth here. CarMax, Nike, Lululemon, Prada to buy Versace: Market Minute As part of today's Market Minute, Brad Smith examines the trending stories on Wall Street. CarMax (KMX) stock plunges after the company's fourth quarter results fell short of analyst expectations. Retail stocks like Nike (NKE) and Lululemon (LULU) fall on tariff risks. Prada (1913.HK) is set to buy Versace from Capri Holdings (CPRI) for nearly $1.4 billion. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. GM, Tesla, & Ford; Nike falls; CarMax outlook: Trending Tickers Brad Smith and Madison Mills take a closer look at some of the trending tickers in premarket trading. UBS analysts downgrade General Motors (GM) to Neutral from Buy and cut their price target for Tesla (TSLA), while Goldman Sachs downgrades Ford (F) to Neutral from Buy. Nike (NKE) and Lululemon (LULU) fall, retreating from broad tariff pause highs, as investors assess the impact of increased tariffs on imports from China on retailers. CarMax (KMX) pulls its long-term sales forecast, citing macro-level uncertainty. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Trump says he doesn't want Japan to own US Steel, shares plunge US Steel (X) shares plunged in extended-hours trading after US President Donald Trump said he doesn't want Japan's Nippon Steel (NPSCY) to take over the company. Trump's comments come just after the White House said it would be revisiting Nippon's acquisition of US Steel. Former US President Joe Biden, Trump's predecessor, had blocked the deal. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Stocks Slide as Economic Angst Hits Wall Street: Markets Wrap (Bloomberg) -- Economic angst enveloped every corner of Wall Street as US-China trade tensions escalate, sparking a slide in stocks, the dollar and oil, with liquidations in US assets pointing to disorder in the financial system.A day after the biggest stock-buying wave in years, assets tied to the economic cycle are sinking again, with President Donald Trump’s mollifying message on trade talks providing little relief. Investors are rushing to game out how the effective freezing of Chinese trade These Stocks are Leading Losses Today Some of the biggest winners from yesterday’s rally have erased much of those gains today. Delta Air Lines logged a 23% gain yesterday. Today, shares have fallen more than 9%. Warner Bros. Discovery rose 20% Wednesday and has dropped roughly 13% in today’s trading. Novavax shares tumble after U.S. health secretary raises concerns over COVID shot's efficacy The U.S. Food and Drug Administration, an agency that is part of the U.S. Department of Health and Human Services, missed its deadline last week for deciding on the traditional approval of the vaccine. When asked if the delay resulted from "personnel being shuffled" at the FDA, Kennedy attributed it to the vaccine's composition. Novavax said on Thursday it continues to believe its application included data that showed the shot was safe and effective in preventing COVID-19, and that it has not received an official response from the agency regarding the status of the application. These 5 Stocks Crashed as Tariff Reality Hits the Market The market's wild recovery on Wednesday afternoon was driven by President Donald Trump temporarily pausing tariff increases on countries all around the world, except China. A 10% blanket tariff will still be in place, but the bigger tariffs that were expected to hit countries like Vietnam, Cambodia, and Indonesia, where many shoes and kids toys are made, will be in place. What seems to have been forgotten in that bounce was that tariffs are still higher than they were at the start of the year and the tariff on imports from China would be an astounding 145%. CarMax Stock Sinks After Earnings. Tariffs Could Drive Used Car Prices Higher, CEO Says. Shares of CarMax sank Thursday after the used-car dealer reported fiscal-fourth-quarter earnings that missed expectations and management sounded the alarm about the looming impact of auto tariffs. The tariff will expand to imported car parts starting May 3, making it more expensive to assemble vehicles in the United States. “I think it will it will push some folks into looking at used cars, late model used cars, which is interesting because that’s what we’re seeing a lot of interest in right now,” CarMax CEO William Nash said Thursday. These Stocks Are Moving the Most Today: Nvidia, Apple, Tesla, GM, Microsoft, CarMax, U.S. Steel, Warner Bros., and More Shares of Nvidia, Apple, and Tesla fall sharply Thursday after each stock soared double-digits Wednesday following President Donald Trump’s move to pause most reciprocal tariffs for 90 days. U.S. Steel, meanwhile, slumps after Trump says he wants the steel maker to remain an American company. Trump Signals Openness to Nippon Investing in U.S. Steel, but Not Owning It President Trump underscored that U.S. Steel should remain an American company, but said he is open to Japanese steelmaking giant Nippon Steel investing in it. “For a foreign country to buy that cherished U.S. Steel brand, that’s hard for me,” Trump said during a cabinet meeting at the White House. Sector Update: Health Care Stocks Drop Thursday Afternoon Health care stocks were falling Thursday afternoon, with the NYSE Health Care Index shedding 4.4% an Used car stocks crash as demand flags and Goldman Sachs slashes autos outlook The U.S. auto sector is taking a beating. CarMax’s Share Buybacks Turned Lemonade Into Lemons: Heard on the Street Timing the market amid the recent tariff-fueled volatility is hard even for stock pickers buying shares of the companies they know best—themselves. A case in point: CarMax, the used-car dealer, which today announced quarterly earnings that missed analysts’ estimates. CarMax said it repurchased 1.2 million shares of common stock for $98.5 million, or about $82 a share, last quarter. US Steel, Nippon Steel working closely with Trump administration, statement says U.S. Steel and Nippon Steel are working closely with the Trump administration "to secure a significant investment," U.S. Steel said on Thursday, after remarks from President Donald Trump dimmed hopes for a greenlight of the companies' long-sought tie-up. Trump said on Wednesday he did not want to see U.S. Steel "go to Japan," sending its shares down 7% amid fears his comments signalled renewed reservations about Nippon's $14 billion bid for the 124-year-old American firm. U.S. Steel's statement suggested the company remained positive about the deal. Why U.S. Steel Stock Slumped Today Investors have two ways to win with this steelmaker. Carmax Stock Heads for Worst Day Since 2022 CarMax shares slid after the used-car retailer missed earnings expectations and said it could no longer give a time frame for financial goals it has been working toward for years. Shares sank about 20% as of about midday Thursday, on pace for their biggest one-day drop since September 2022. NIKE Vs lululemon: Which Apparel Retailer is a Promising Bet? NIKE resets for growth with bold innovation; lululemon powers ahead on product and global expansion. Which athletic leader is the better long-term play? Stocks to Watch Thursday: CarMax, TSMC, Trump Media, U.S. Steel ↘️ U.S. Steel (X): Shares in the steelmaker was down 7% Thursday afternoon, after President Trump reiterated it should remain an American company. U.S. Steel and Japan's Nippon Steel (JP:5401) have been striving to save their $14 billion deal. Top Midday Stories: Stocks Fall After Wednesday's Massive Rally; Trump Opposes US Steel Sale to Nippon Steel All three major US stock indexes were in the red in late-morning trading Thursday, with the Nasdaq C Performance Overview Trailing total returns as of 4/10/2025, which may include dividends or other distributions. Benchmark is Nikkei 225 (^N225) Return 4422.T Nikkei 225 (^N225) YTD -15.32% -13.25% 1-Year -49.12% -12.56% 3-Year -38.96% +28.25%