Live Stocks are getting clobbered as Trump's China trade war intensifies. See the latest. BSE - Delayed Quote • INR Tamilnadu Petroproducts Limited (TNPETRO.BO) Follow Compare 71.85 +0.52 +(0.73%) At close: April 9 at 3:53:50 PM GMT+5:30 Related News Oil falls, China tensions weigh on Apple, Disney: Market Minute Here are some of the stories Wall Street is watching on Thursday, April 10. The ongoing trade battle between the US and China is weighing on shares of Apple (AAPL), Disney (DIS), and Warner Bros. Discovery (WBD). Oil prices (CL=F, BZ=F) are also falling on worries that tariffs could weigh on demand. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. 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 plunge 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 trad Used car stocks crash as demand flags and Goldman Sachs slashes autos outlook The U.S. auto sector is taking a beating. US Equity Indexes Nosedive as Investors Assess Weight of Trump Tariffs on Economic Growth US equity indexes plummeted after midday Thursday as investors evaluated the impact of uncertainty a Heard on the Street: CarMax’s Share Buybacks Turned Lemonade into Lemons 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 in its earnings release said it repurchased 1.2 million shares of common stock for $98.5 million, or about $82 a share, during the three months ended Feb. 28. 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. CarMax Stock Sinks 20% After Earnings. Tariffs Could Drive Used Car Prices Higher, CEO Says. CarMax reports fiscal-fourth-quarter earnings of 58 cents a share, missing analysts’ estimates of 66 cents. 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? 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. 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 Why Stocks Are Falling After Yesterday’s Surge and a Cool Inflation Report The Dow was down 1,400 points, or 3.5%. The major indexes surged on Wednesday in the wake of President Trump’s pivot to keep tariffs at 10% for most trading partners and instead raise tariffs on China to 125%. The speed in which stocks gained even before White House officials provided clarity on his specific plans shows Wall Street was more focused on buying the news than extrapolating what it actually means for markets. 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. 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 4/9/2025, which may include dividends or other distributions. Benchmark is S&P BSE SENSEX (^BSESN) Return TNPETRO.BO S&P BSE SENSEX (^BSESN) YTD -11.14% -5.49% 1-Year -16.91% -1.12% 3-Year -35.23% +24.22%