apparel retailer: Energy, technology, and communication-services stocks led Friday's loss, while real estate and utilities weathered the news well, according to The Independent. Retailers continue to show some troubles, with Gap ticker GAP plunging 9% after the apparel retailer's disappointing earnings report and guidance. Stocks fell sharply on the last day of May after President Donald Trump's threat to impose tariffs on imports not from China, but Mexico stands to hurt plenty of American firms in multiple industries. In today's After the Bell, we... watch the stock market's swift reaction to Trump's new tariff threat;examine which industries might see the most impact;and explain why the announcement couldn't come at a worse time. The Dow Jones Industrial Average slumped 354.84 points, or 1.41%, to close at 24,815.04. Power Play President Trump announced late Thursday that he will impose a 5% tariff on imports from Mexico beginning in early June and would multiply the tariff month by month if the country doesn't do anything to curb the flow of people trying to enter the U.S. Stock markets were shaken by the news.
(news.financializer.com). As
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