Stock Market Soars in May Despite Tariff Tensions
TL;DR Summary
The article discusses how President Trump's tariffs are negatively impacting companies like Gap, which estimates a potential $150 million cost increase, leading to a market decline. Despite some companies like Ulta Beauty and Red Robin reporting strong earnings, ongoing tariff uncertainties and political tensions continue to influence investor sentiment and market performance.
- Gap says Trump’s tariffs could cost the company a whopping $300 million, sending shares into a tailspin Fortune
- Stock market today: S&P 500 marks best May in 30 years as Wall Street bets on tariff relief Yahoo Finance
- Stocks ride May gains to best month since 2023 as investors look past trade concerns NBC News
- Stock Market News, May 30, 2025: S&P 500, Nasdaq Finish May With Biggest Monthly Gains Since November 2023; Trump Plans to Double Steel Tariff WSJ
- Wall Street glides to the end of its best month since 2023 AP News
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