Market Reactions to President Trump’s New Tariffs

As the markets opened, U.S. stocks faced significant movements following President Donald Trump’s announcement of new tariffs on goods from Canada, Mexico, and China. The tariffs, set at 25% for the former two countries and 10% for China, will take effect at midnight on Monday, resulting in an immediate reaction from various sectors.

Stocks Most Affected

The announcement has led to notable declines among automakers, consumer goods manufacturers, clothing brands, and several other industries. Several stocks saw a pronounced drop:

• General Motors: -8%
• Ford: -5%
• Tesla: -3%
• Aptiv: -5%
• Cummins: -3%
• Constellation Brands: -6%
• Diageo: -4%
• Chipotle Mexican Grill: -3%
• Nike: -2%
• Lululemon Athletica: -3%
• Canadian Pacific Kansas City: -6%
• Canadian National Railway: -4%
• FedEx: -2%
• GE Vernova: -5%
• Constellation Energy: -4%
• Toll Brothers: -2%
• Broadcom: -4%
• Sunrun: -4%
• PDD: -6%

Companies Showing Resilience

Despite the widespread downturn, a few companies managed to perform well:

• Nucor: +2%
• Steel Dynamics: +2%

Tyson Foods Surprises with Strong Earnings

Tyson Foods, the company behind Jimmy Dean sausages, saw its shares rise nearly 4% after reporting fiscal first-quarter results that exceeded expectations. The company announced earnings of $1.14 per share, surpassing analyst estimates of 90 cents per share, with sales improving by 2.3% year-over-year, mainly fueled by growth in the beef sector.

IDEXX Laboratories Reports Strong Revenue Growth

IDEXX Laboratories, a leader in veterinary healthcare, increased its stock value by 4% after posting fourth-quarter revenue of $954.3 million, exceeding analysts’ predictions of $935.1 million.

Challenges for Apparel Companies

In the fashion sector, shares of PVH Corp., the parent company of Calvin Klein and Tommy Bahama, fell by 3%. Wells Fargo downgraded the company’s rating from “overweight” to “equal weight,” citing concerns over ongoing issues that may indicate a value trap.

Becton, Dickinson and Company Gains After Stake Acquisition

Becton, Dickinson and Company saw its shares rise by 2.4% following reports that Starboard Value acquired a stake in the medical device firm. The activist investor aims to push for a spinoff of the company’s life sciences division.

This analysis reflects the ongoing market fluctuations impacted by recent tariff policies and gives insight into which sectors are feeling the strain. As the situation develops, investor sentiment will continue to play a crucial role in market performance.