Shares of Gap Inc. $GPS experienced their sharpest intraday decline since the onset of the April tariff escalation announcement by President Donald Trump, falling 21% by late morning on Friday. This drop entirely erased the retailer’s year-to-date stock gains, underscoring the acute sensitivity of the apparel sector to escalating trade barriers.

Dell Technologies Inc. $DELL delivered an optimistic annual profit forecast that eclipsed previous estimates, driven by a substantial increase in orders for servers tailored to artificial intelligence (AI) infrastructure. The Texas-based technology group now anticipates adjusted earnings of approximately $9.40 per share for the fiscal year ending January 2026, surpassing its February guidance. The corporation also reaffirmed its revenue projection for the year, targeting nearly $103 billion — fully in line with market consensus.

Best Buy Co. $BBY revised its annual sales and profit projections following sustained pressures from US-imposed tariffs. The company now expects comparable sales growth of 1% year-on-year, a decrease from the previous 2% estimate. This adjustment is contingent upon tariffs staying at their current levels, pending the outcome of recent judicial decisions on Trump-era trade measures. The retailer has simultaneously downgraded its adjusted earnings forecast, reflecting the unpredictability surrounding import costs and supply chain stability.