By WSJ Staff

General Motors $(GM)$ and Ford $(F)$: The auto stocks led index futures lower, with GM falling more than 6% premarket. Tesla $(TSLA)$ shares dropped 3% ahead of the open. The auto industry is potentially the most vulnerable sector to the 25% tariffs on Mexican and Canadian imports the White House announced over the weekend.

Volkswagen (XE: VOW3), Stellantis (STLA, IT: STLAM), Toyota (TM, JP: 7203), Nissan (JP:7201): Auto stocks slid from Frankfurt to Tokyo. Many manufacture cars in Mexico or Canada and export them to the U.S.

Constellation Brands $(STZ)$: Shares fell about 6% premarket as investors considered the implication of President Trump's Mexico tariffs on the importer of Modelo and Corona beers.

Lululemon $(LULU)$: The Vancouver-based company's shares fell in light volume premarket, as tariffs loom on its workout gear.

MicroStrategy $(MSTR.AU)$: Shares of the software company-turned-bitcoin buyer fell 5% premarket, as investors dumped riskier assets including cryptocurrencies. Coinbase $(COIN)$ shares fell ahead of the bell, as did those of online brokerage Robinhood (HOOD).

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

February 03, 2025 04:54 ET (09:54 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.