Trump, stocks and tariff
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Wall Street had its worst week since early April after President Trump said he would impose steep tariffs on E.U. goods and targeted Apple with a tax on foreign-made iPhones.
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The tariff war the U.S. is waging against most of the world stabilized somewhat earlier this month. But let's face facts -- it could easily flare up again. President Donald Trump
Dow industrials drop 2.5% on the week, while bond markets flash new signs of danger.
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Shorting stocks has been a coin-flip in 2025, with almost 50% of short positions unprofitable this year, S3 Partners said.
Shares of Ross Stores sank Friday, a day after the discount retailer pulled its full-year outlook due to the uncertainty caused by the Trump administration's shifting tariff policies.
TJX Cos.’ stock pulled back Wednesday from a record close earlier this week, after the retailer said tariff costs could cause it to fall short of Wall Street’s fiscal second-quarter earnings projections.
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After a massive drawdown in the initial reaction to President Trump's April 2 tariff announcement, major stock indexes have roared back, with the S&P 500 (^GSPC) adding $9 trillion in market value in just over a month.
KEY TAKEAWAYSShares in TJX Companies are down Wednesday after the discount retailer operator posted a weak second-quarter outlook as tariffs weighed on its business. The downbeat outlook came as the parent company of T.