Retail Stocks Slide on Tariff Uncertainty, Intel Surges, Chipotle Rises
On this episode of Stock Movers: - Shares of major retailers like dropped after it became clear that the Supreme Court wouldn’t release its highly anticipated tariff ruling on Friday. Under Armour (UA) and Kohl’s (KSS) both tumbled as much as 6%, with many other stocks including Lululemon Athletica, Best Buy and American Eagle Outfitters falling as well. The court is reviewing challenges to President Donald Trump’s tariffs, which have plagued margins for retailers and led to higher prices. The court hasn’t said when it will issue its next opinion but could schedule…
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