14 sources·Business

Market Reactions to Tariff Announcements Intensified by Walgreens' Positive Quarter

Walgreens reports better-than-expected earnings amid stock market volatility tied to tariffs, with significant developments in both sectors affecting investor sentiment.

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Tech stocks — Shares of megacap technology names rose amid investor optimism that the U.S. would reach deals with other countries to lower tariffs.
Stocks making the biggest moves midday: Apple, UnitedHealth, Humana, Broadcom, Wells Fargo and more
CNBC·25d
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CVS (CVS) shares rally after the company said it expects its financial results to meet or exceed its previously issued guidance and named a new chief financial officer.
UnitedHealth Rises, Humana Up, CVS Rallies on Guidance (Podcast
Bloomberg·25d
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The buyout came as the drugstore chain deals with a host of problems including thin prescription reimbursement, rising costs and a VillageMD clinic business that has struggled to gain traction with patients.
Walgreens tops fiscal 2Q forecasts as private equity buyout awaits
Associated Press·25d
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The controversy unfolds during a period of heightened economic sensitivity, as geopolitical tensions and new tariff policies have triggered a wave of investor uncertainty and market declines.
Is nationwide Walmart boycott working? Stock update
Newsweek·1M
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Tesla has become a political symbol around the world and that’s not a good thing.
Tesla shares drop amid auto tariffs and 'brand crisis'
Los Angeles Times·1M
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Updated: Apr 8th, 2025, 6:47 PM ET

Summary

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The stock market has seen a sharp decline, with the S&P 500 falling nearly 10% following President Trump's tariff announcements. Apple’s shares dropped 19% due to concerns related to its exposure in China. Conversely, Walgreens reported surprise fiscal second-quarter earnings, with a $2.85 billion loss, which was significantly better than last year’s $5.91 billion loss. Its pharmacy sales climbed 4%, aided by more prescriptions. Amid the market turmoil, there was a positive influx in tech stocks, as analysts remain optimistic about potential tariff deals influencing investor confidence.

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Tesla is facing significant brand damage due to Elon Musk's political associations, affecting its stock price and customer base.
Concerns about President Trump's tariffs are impacting major companies like Apple and Walmart, leading to declines in their stock values and market cap.
The broader market is experiencing turmoil as investor uncertainty rises due to geopolitical tensions and tariff policies.

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