Dow, S&P 500, Nasdaq drop in countdown to Trump’s tariff reveal
From Yahoo Finance: 2025-04-01 09:31:00
Newsmax (NMAX) shares surged 26% in premarket trading, following a successful IPO that attracted retail investors. The conservative media outlet’s stock soared 735% amid repeated halts for volatility.
Johnson & Johnson (JNJ) stock dropped 3.6% after a US judge rejected a $10 billion proposal to settle talc-related cancer lawsuits. This marked the third attempt by J&J to avoid future claims through bankruptcy.
Lucid (LCID) shares saw a slight increase in premarket trading as the company’s Gravity SUV went on sale. Interim CEO Marc Winterhoff highlighted Lucid as an alternative to Tesla (TSLA), which faced challenges like falling sales in Europe.
PVH (PVH) stock rose 15% after reporting a sales outlook of “modest growth” that exceeded Wall Street’s expectations. The owner of Calvin Klein and Tommy Hilfiger noted solid holiday sales but acknowledged a challenging consumer environment.
Read more at Yahoo Finance: Dow, S&P 500, Nasdaq drop in countdown to Trump’s tariff reveal