Wall Street had its worst week since early April after President Trump said he would impose steep tariffs on E.U. goods and targeted Apple with a tax on foreign-made iPhones.

Shorting stocks has been a coin-flip in 2025, with almost 50% of short positions unprofitable this year, S3 Partners said.

Shares of Ross Stores sank Friday, a day after the discount retailer pulled its full-year outlook due to the uncertainty caused by the Trump administration's shifting tariff policies.

Duffy is the second member of Trump’s Cabinet who sold securities shortly before the president’s tariff announcements sent markets plunging. A spokesperson for Duffy said an account manager made the trades and that Duffy had no input on the timing.

Walmart has significant China exposure -- about 60% of the manufactured products it sells -- but its reputation for "everyday low prices," economies of scale, and strength in groceries make it more resilient in a trade war or a down economy than most of its retail peers.

TJX Cos.’ stock pulled back Wednesday from a record close earlier this week, after the retailer said tariff costs could cause it to fall short of Wall Street’s fiscal second-quarter earnings projections.

Trump’s tariffs and the global trade war continue to impact global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

KEY TAKEAWAYSShares in TJX Companies are down Wednesday after the discount retailer operator posted a weak second-quarter outlook as tariffs weighed on its business. The downbeat outlook came as the parent company of T.