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President Trump's tariff plan has Wall Street on edge, with the S&P 500 (^GSPC) trading 4% lower. In the latest Market Minute, Catalysts Anchor Madison Mills takes a closer look at some of the stocks and sectors that are feeling the pain.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo! Finance's market minute. Stocks selling off, the Nasdaq leading a lot of those losses, as investors worry President Trump's tariff policies could lead to a global trade war. Apple shares down over 7%, as several of its main production hubs could be hit with the new tariffs. The tech giant has tried to stay out of the crosshairs by moving out of China to countries like India and Vietnam. But now, they are facing double digit tariffs as well. Nike and Lululemon both sinking on the tariff news, the retailers relying on Vietnam for manufacturing, the country now facing a 46% tariff rate. Nike made 50% of its footwear in Vietnam in 2024. Lululemon made 40% of its products in the country. Walmart, Amazon, Target all under pressure as the wide-ranging tariff plan is expected to lead to higher prices across product categories as consumers are already pulling back on discretionary spending. That's your Yahoo! Finance market minute. For more on what's trending on Yahoo! Finance, scan the QR code to track the best and worst performing stocks.
