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Stock impact report

Charlotte Fortune 500 companies caught in Trump tariffs turmoil. Only two are up. [Yahoo! Finance]

Sonic Automotive, Inc. (SAH) 
Last sonic automotive, inc. earnings: 4/29 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
After Trump unveiled on April 2 expansive tariffs on nearly every product imported to the U.S., the stock market saw its worst day on Wall Street on April 3 since the height of COVID in March 2020. A Tuesday rally was short-lived as tariffs took effect at 12:01 a.m. Wednesday, including 104% on goods from China and imports from other countries. But Wednesday afternoon, stocks rallied after Trump decided to delay most global tariffs for 90 days, except for those on China. Trump's tariffs announcements are causing increased recession fears, reflected in volatile financial markets, as countries like China impose retaliatory tariffs on the U.S. Sonic Automotive was the only Charlotte-based Fortune 500 company Wednesday morning to see gains in its share price over the past five days, up 3.21%. After Trump backed down on the sweeping tariffs, Sonic's stock was up 10.25% at closing Wednesday. Financial services firm LPL Financial with its East Coast corporate offices in Fort Mill en Show less Read more
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