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).
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(END) Dow Jones Newswires
February 03, 2025 04:54 ET (09:54 GMT)
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