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Stock impact report

US tech, retail stocks lead rout after tariff shock [Yahoo! Finance]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: Yahoo! Finance
President Donald Trump's sweeping new tariffs rippled through early trading in the United States, slamming a wide swath of key industries including retail and technology firms. The tariffs, which threaten to destabilize the world trade order and unsettle businesses, mark a sharp reversal from just a few months ago when hopes of business-friendly policies under the Trump administration pushed U.S. stocks to record highs. Major U.S. retailers including Walmart, Amazon and Target, which count on several Asian countries including China as key suppliers and could be forced to raise prices, slumped between 4% and 6% in pre-market trading. Apple shares fell 6.1%. More than 90% of its manufacturing is based in China, one of the hardest hit countries by the tariffs, according to an estimate from Citi. "If Apple cannot get exempted this time ... and does not pass it through, we estimate about 9% negative impact to the company's total gross margin," wrote Citi in a note. Among the majo Show less Read more
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