Shares of analog chip manufacturer Texas Instruments (NASDAQ:TXN)
fell 8.3% in the morning session after China Semiconductor Industry Association issued an emergency directive detailing new methods for verifying the origin of imported chips. According to reports, the location of the wafer fabrication plant would define the origin of imports when tariffs are applied. This meant that companies with manufacturing facilities in the US might be severely affected by the escalating US-China trade tension.
Shares of discount retailer Five Below (NASDAQ:FIVE)
fell 8.7% in the afternoon session after Bloomberg reported the company instructed its vendors to delay the shipment of certain goods to China before their final delivery to the U.S., underscoring the retailer's cautious stance amid escalating trade tensions between the U.S. and China. For investors, while this signaled that the company was closely managing its exposure to tariffs, it also raised the possibility of near-term inventory challenges or missed sales opportunities if delays persisted or demand shifted unexpectedly.
Shares of industrial supplier Fastenal (NASDAQ:FAST) jumped 7% in the afternoon session after the company reported strong first quarter 2025 results which blew past analysts' sales volume expectations. Sales, EBITDA, and EPS were also in line with expectations, which showed the company was executing as expected. Sales growth continued to improve despite broader business activity remaining soft, helped by a bigger base of customers spending more each month. Overall, we think this was a decent quarter.
Volatility sparked by Trump's tariffs extended beyond Wall St, challenging the long-held narrative of US economic exceptionalism. Dollar & bond market rattled, while gold surged. Positive momentum faded as uncertainty loomed and consumer sentiment plunged to 3-year lows.
JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon offered more insights on President Donald Trump's tariff policies and the possible effects on businesses and the economy during the company's first-quarter earnings call on Friday morning.
Nike Inc. (NYSE: NKE) is gaining momentum with high-heat sneaker drops and its new ReactX Rejuven8 slip-ons, says Needham's Tom Nikic. The analyst highlights tariff risks and rising buzz around Nike's innovations, which could challenge rivals like Crocs Inc. (NASDAQ: CROX).
ALTcoin dominance is waking ip, as we see OTHERS.D chart bouncing sharply after a penultimate move into 5th wave, which came out of a bearish wave 4 triangle pattern by Elliott Wave Theory.
Stay informed about the most active S&P500 stocks in today's session as we take a closer look at what's happening on the US markets on Friday. Discover the stocks that are generating the highest trading volume and driving market activity.
