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Walmart, Target, and Other Retail Stocks Sink as Investors Digest Trump Tariffs [Yahoo! Finance]
Last walmart inc. earnings: 2/18 06:00 am
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Target, Walmart, Dollar Tree, Best Buy, Dollar General, and Five Below shares all lost ground Thursday morning. Executives have warned profit margins could be pressured by tariffs, noting they would likely also raise prices. Shares of Walmart ( WMT ), Target ( TGT ), and other retailers sank in premarket trading Thursday after the Trump administration announced sweeping reciprocal tariffs against U.S. trading partners. Shares of Best Buy, Dollar Tree ( DLTR ), Dollar General ( DG ), Costco Wholesale ( COST ), Five Below ( FIVE ), and Macy's ( M ) also lost ground amid a broader market decline , with Dollar Tree and Best Buy shares down over 10%, and Five Below shares tumbling 18%. President Donald Trump on Wednesday afternoon outlined a broad new set of tariffs against goods from dozens of countries , set to take effect April 9. A number of retailers like Target and Best Buy ( BBY ) have previously warned that such tariffs could negatively impact their profit margins unless t
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