Stock Market Update
03-Apr-25 14:30 ET
S&P 500 slides 4.3% as tariff woes hammer stocks; Dell, Best Buy, Ralph Lauren lead declines
Dow -1425.11
at 40800.21,
Nasdaq -963.36
at 16637.69,
S&P -241.79
at 5429.18
[BRIEFING.COM] The S&P 500 (-4.26%) is in second place on Thursday afternoon, down about 240 points.
Briefly, S&P 500 constituents Dell (DELL 78.53, -16.80, -17.62%), Best Buy (BBY 62.85, -12.88, -17.01%), and Ralph Lauren (RL 197.28, -39.07, -16.53%) dot the bottom of the average. DELL and RL are among the wide swathe of stocks getting hit on President Trump's tariff news, while BBY caught a downgrade to Neutral at Citigroup this morning citing tariff risks and consumer slowdown.
Meanwhile, Lamb Weston (LW 59.84, +5.69, +10.51%) is firmly atop the standings following earnings/guidance.
