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Yahoo Finance host Madison Mills tracks today's top moving stocks and biggest market stories in this Market Minute, including Apple (AAPL) taking a market cap hit after President Trump threatened a 25% tariff against the iPhone maker, as well as Deckers Outdoor (DECK) and Ross Stores (ROST) sinking after reporting earnings on Thursday.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo! Finance's market minute. Stocks falling as President Trump reignites trade war concerns, threatening the EU with a 50% tariff starting June 1st, saying talks with the bloc are going nowhere. Apple also top trending ticker on Yahoo! Finance, falling as the company is also threatened with increased tariffs. The President recommending a 25% tariff on the company's iPhones if it doesn't start making them in the US. Deckers, the maker of Uggs and Hoka, is hit with a series of analyst downgrades after issuing a weak outlook. Chelsea Group, KeyBanc, and Evercore all slashing their ratings on the stock, citing Deckers' slowing growth trajectory. Trade uncertainty weighing on retailers broadly. Ross Stores shares tumbling after withdrawing full-year guidance. The company saying over half its goods originate from China, and its profits will likely take a hit from tariffs. That's your Yahoo! Finance market minute. For more on what's trending on Yahoo!, you can scan the QR code below.
