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Sportsman's Warehouse (SPWH) and Olo (OLO), Howmet (HWM), Udemy (UDMY) Stocks Trade Down, What You Need To Know

A number of stocks fell in the pre-market session after President Trump announced "reciprocal tariffs" on all US imports, set at a minimum rate of 10%. Markets reacted negatively to the announcement, reflecting deep concerns among investors about the broader economic implications. The tariffs were likely seen as a significant threat to global trade flows, with the potential to slow economic growth, drive up consumer prices, and spark retaliatory measures.

Fed's Jefferson says no hurry to adjust rates, need time to assess impact of tariffs

"In my view, there is no need to be in a hurry to make further policy rate adjustments," Jefferson told an Atlanta Fed conference, repeating what has become a well-worn phrase from U.S. central bankers amid a rapid onslaught of trade and other policy changes under the Trump administration. Asked about the sweeping new import levies announced by U.S. President Donald Trump announced on Wednesday, Jefferson gave little sense of how much they might in his view add to inflationary pressures or slow the economy.