S&P 500 Gains and Losses Today: HP, Best Buy Stocks Drop as Tariffs Weigh On Outlook
1. Best Buy lowered guidance due to expected tariff impacts. 2. Shares of Best Buy dropped 7.3% after the news. 3. Mixed fiscal Q1 results for Best Buy, with strong EPS but revenue shortfalls. 4. Tariffs are a significant concern impacting BBY’s product sourcing. 5. Similar issues affected HP, which also lowered its guidance.