By Caitlin McCabe
Dollar Tree $(DLTR)$: Shares of the discount retailer fell 11% in premarket trading. The company receives the majority of its direct imports from China. It warned in February that tariffs could impair its ability to meet demand, resulting in lost sales and higher merchandise costs.
Nike $(NKE)$: Shares in the sportswear company slid more than 8% premarket. Suppliers in Vietnam, Indonesia and China manufacture 95% of its goods. Other shoemakers were hit hard too, with Adidas (XE: ADS) and Puma (XE:PUM) falling more than 8% apiece in Europe.
Apple $(AAPL)$: The iPhone maker led declines of big technology stocks, falling nearly 7% premarket. Most of the company's hardware products are manufactured in China.
Tesla $(TSLA)$, Nvidia $(NVDA)$, Amazon $(AMZN)$, Alphabet $(GOOGL)$, Microsoft $(MSFT)$, Meta Platforms $(META)$: The remaining six stocks in the Magnificent 7 also slid, falling between roughly 2% and 5% before the bell.
Walmart $(WMT)$, Target $(TGT)$, BestBuy $(BBY)$: Shares of all three retailers fell about 5% apiece in offhours trading. Many retailers have warned tariffs will lead to higher prices for their products. The companies have been pressuring suppliers to cut prices or move production out of China.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
April 03, 2025 06:01 ET (10:01 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.