Estée Lauder Companies (NYSE:EL) Sees 13% Drop Over Last Week as New Tariffs Shake Market
In the past week, Estée Lauder Companies (NYSE:EL) saw its share price fall by 13% amid broader market turmoil, with the Dow Jones experiencing a significant 4% drop. The market was largely affected by President Trump's announcement of new tariffs against U.S. trading partners, which shook investor confidence and triggered a sharp sell-off, entering correction territory. During this period, the Nasdaq Composite dipped into bear market territory, further compounding pressure across various...