Reported about 19 hours ago
Shares of several retail companies including Nike, Wayfair, and Under Armour rose significantly after President Trump announced a trade agreement with Vietnam. Nike, which sources half of its shoes from Vietnam, saw a 4% increase in stock value, while Wayfair's shares jumped over 8%. The deal involves Vietnam agreeing to a 20% tariff on goods shipped to the U.S., a move that avoided a higher 46% tariff set to commence soon.
Source: YAHOO