Global stocks experienced a downturn on Tuesday due to concerns over tariffs and consumer uncertainty. Here are three key companies that were affected:
Nvidia (electric car technology) and Tesla (electric vehicles) were not mentioned in the provided text.
Target (TGT), a US retailer, warned of lower profits this quarter due to rising tariffs and consumer uncertainty, resulting in a 5% drop in its shares.
Best Buy (BBY), another retail chain, predicted higher prices for electronics as new tariffs take effect, which may impact demand. Its shares declined by more than 14%.
Illumina (ILMN), a US biotech company, faced increased pressure after the Trump administration’s tariff move led Beijing to ban its exports of gene sequencers to China. Illumina’s shares fell by more than 2% in the morning session.
Source: https://www.wsj.com/livecoverage/trump-tariffs-canada-mexico-china-stock-market-today-03-04-2025/card/stocks-to-watch-tuesday-illumina-nvidia-stellantis-NoM8H6AWPWYydx99iz12