RTX's $850M tariff hit, 3M stock gains, 3,521% solar tariff

In This Article:

Brad Smith examines some of the trading day's trending stories as part of Yahoo Finance's Market Minute.

Defense stocks are under pressure after RTX (RTX) warns of an $850 million hit from tariffs despite cost-cutting efforts and some tariff exemptions.

Shares of 3M (MMM) pop, lifting the Dow Jones Industrial Average (^DJI) higher, after the company maintained its full-year outlook despite trade war risks.

Solar stocks like First Solar (FSLR), Sunrun (RUN), and SolarEdge (SEDG) are trading higher after the US imposed a large tariff on solar imports from several Southeast Asian countries.

Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

00:00 Speaker A

It's time for Yahoo! Finance's market minute. Stocks look for a rebound as investors look ahead to tech earnings, with Tesla out after the close. Defense stocks under pressure, as RTX says it expects to take an $850 million hit this year from tariffs. The company saying, even after cost cutting, price hikes, and some tariff exemptions, it will still feel the pressure of increased levies. Meanwhile, 3M shares are jumping, leading the Dow higher as it maintains its full-year guidance while acknowledging risks from the ongoing trade war. The company saying tariffs could impact full-year earnings by up to 40 cents per share. And solar energy stocks are higher, as the US imposes a 3,500% tariff on solar imports from several Southeast Asian countries. This is the result of a probe started over a year ago, under former President Biden, that found solar manufacturers were benefiting unfairly from government subsidies. This levy will be on top of the tariff President Trump has in place. That's your Yahoo! Finance market minute.


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