Stocks are under pressure after President Trump’s tariffs on steel and aluminum trigger fears of a trade war. Yahoo Finance’s Jen Rogers, Andy Serwer, Julia La Roche and Myles Udland discuss the top stories of the day.
Stocks in the green include Gap. The retailer topped analyst expectations on earnings and revenue in the fourth quarter, driven by strong sales at its Old Navy brand. Bloomin’ Brands is getting a boost after Deutsche Bank upgraded the stock to a buy. And Equifax is moving higher after posting better than expected earnings and revenue for the fourth quarter.
Stocks in the red include Walmart following a downgrade by Oppenheimer on concern about the retailer’s e-commerce slowdown. JCPenney shares are sliding after revenue and same-store sales fell short of estimates for the holiday quarter. And McDonald’s is under pressure after RBC cut its sales estimates.