US stocks fall in early trading to give back some of their recent gains
NEW YORK (AP) — Wall Street is giving back some of its gains from the week following a mixed set of profit reports from Gap, Ulta Beauty and other companies navigating the challenges created by President Donald Trump’s on-and-off tariffs.
The S&P 500 was down 0.3% in early trading Friday. The Dow Jones Industrial Average was down 158 points, or 0.3%, and the Nasdaq composite was down 0.3%.
Gap slumped after saying tariffs on imports from China and other countries could add up to $300 million to its costs this fiscal year. Wall Street has been preoccupied with questions about what will happen with Trump’s tariffs.
More Stories
Bristol leads UK innovation jobs boom as the regions close the gap on London
Bristol and Edinburgh are emerging as the unlikely engines of Britain’s innovation economy, posting the country’s fastest-growing workforces among technology...
Whisky tariffs lifted as Trump hails royal state visit
Britain’s distillers have been handed an unexpected fillip after Donald Trump announced the removal of all US tariffs and restrictions...
Singapore’s ‘Queen of Bond Street’ takes a seat at Heston Blumenthal’s table
Christina Ong’s Como Group has emerged as a key shareholder in the lossmaking SL6, the holding company behind The Fat...
Britain’s green start-ups face ‘triple squeeze’ as early-stage funding crashes to five-year low
Britain’s reputation as Europe’s cleantech powerhouse is being undermined by a brutal funding drought at the very bottom of the...
Karan Gupta: Turning Ideas Into Real-World Impact
Big ideas are easy to talk about. Bringing them to life is harder. Karan Gupta has built his career on...
Stephen Fry’s £100,000 lawsuit against tech conference puts events industry liability under the spotlight
Sir Stephen Fry has launched a £100,000 personal injury claim against the organisers of a major London technology conference, in...