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.
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