Live Stocks get clobbered as Trump's China trade war intensifies. See the latest. HKSE - Delayed Quote • HKD Kaisun Holdings Limited (8203.HK) Follow Compare 0.250 0.000 (0.00%) At close: April 8 at 11:33:44 AM GMT+8 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. China's 84% tariffs, March CPI, Fed commentary: What to Watch Here's what to watch on Thursday, April 10. China's 84% total tariffs on imports from the US are set to take effect tomorrow. The market will get fresh economic data with March's Consumer Price Index (CPI) to be released. There is lots of commentary from Federal Reserve officials coming on Thursday, including from Fed Governor Michelle Bowman. CarMax (KMX) is reporting earnings ahead of the opening bell. 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. 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 CarMax is the latest company to nix long-term growth targets on earnings call: ‘Why put a target out there?’ The company points to the "potential impact of broader macro factors." Used car stocks crash as demand flags and Goldman Sachs slashes autos outlook The U.S. auto sector is taking a beating. Hedge Fund Veteran Set to Lead Trump’s Sanctions Strategy (Bloomberg) -- A low-profile hedge fund executive who’s among the dozens of disciples tracing their roots to the late investing legend Julian Robertson is poised to become the face of the Trump administration’s sanctions strategy.If confirmed after his Senate confirmation hearing on Thursday, John Hurley will lead the Treasury Department’s terrorism and financial intelligence arm, a pivotal post that tackles everything from terrorist financing to money laundering and drug cartels. The role, whic 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. 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? EU to Pause Retaliatory Tariffs The European Union will suspend its first wave of retaliatory duties against the U.S. for 90 days to focus on negotiations, after the Trump administration paused some global tariffs, a top EU official said. OMV (OMVKY) Surges 6.4%: Is This an Indication of Further Gains? OMV (OMVKY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term. CarMax Pulls Financial Target Timelines on Trade Volatility (Bloomberg) -- CarMax Inc. backed away from the timing of its financial goals, joining a growing list of companies indicating that uncertainty around President Donald Trump’s trade war is making long-term planning difficult.While the used-car retailer said it was making progress toward its targets, it will remove the timelines associated with them due to “the potential impact of broader macro factors.” CarMax revealed the decision Thursday in a statement that also detailed worse-than-expected fo CarMax Q4 Earnings Match Expectations, Revenues Rise Y/Y KMX reports Q4 results and expects fiscal 2026 capital expenditure to be approximately $575 million compared with $467.9 million in fiscal 2025. Performance Overview Trailing total returns as of 4/10/2025, which may include dividends or other distributions. Benchmark is HANG SENG INDEX (^HSI) Return 8203.HK HANG SENG INDEX (^HSI) YTD -28.57% +3.10% 1-Year -35.90% +20.67% 3-Year -16.67% -5.44%