US EditionUS stocks fall in early trading to give back some of their recent gains
- On Friday morning, U.S. Stocks fell as the Dow dropped 119 points and the S&P 500 fell 0.4% amid mixed profit reports.
- This decline follows worries about President Trump's on-and-off tariffs, which had recently paused but remain in place amid legal appeals.
- Companies like Gap, which reported stronger profits but fell 19% due to tariff-related increased costs, and American Eagle withdrawing forecasts amid economic uncertainty exemplify these challenges.
- Ulta Beauty climbed 14.5% after reporting better-than-expected sales and raising revenue forecasts, while other stocks like SharpLink Gaming soared amid strong gains and plans to raise $425 million.
- Investors continue to be wary of the potential impact tariffs may have on corporate earnings and the risk of an economic downturn. Despite this caution, the S&P 500 is positioned to record its first positive monthly performance in four months, although the broader effects on the market remain unclear.
21 Articles
21 Articles
The Daily Advance
Wall Street gives back some of its big winning month as uncertainty continues about Trump's tariffs
Wall Street is giving back some of its winning week and month. The S&P 500 fell 0.4% Friday, but it’s still on track for its first winning month in four and potentially its best in nearly two years. The Dow…
Daily Local News
US stocks fall in early trading to give back some of their recent gains
By STAN CHOE, Associated Press Business Writer NEW YORK (AP) — Wall Street is giving back some of its winning week and month on Friday following a mixed set of profit reports from Gap, Ulta Beauty and other companies navigating the challenges created by President Donald Trump’s on-and-off tariffs. The S&P 500 was down 0.4% in early trading. The Dow Jones Industrial Average was down 119 points, or 0.3%, as of 9:35 a.m. Eastern time, and the Nasda…
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