Nike, Wayfair, and Other Retail Stocks Rally on Possible Vietnam Tariff Deal

Nike, Wayfair, and Other Retail Stocks Rally connected Possible Vietnam Tariff Deal

Shares of apparel and footwear makers were rallying Friday aft President Donald Trump said Vietnam wanted to chopped tariffs connected the U.S., a determination investors anticipation volition pb to little import tariffs for Vietnamese products.

The SPDR S&P Retail ETF was ticking up 0.2% Friday. Nike banal was up 4.5%, Lululemon Athletica roseate 2.2%, Gap was up 5.9%, Williams-Sonoma added 3.6%, Wayfair was up 1.8%, and Abercrombie & Fitch roseate 6%.

“Vietnam wants to chopped their Tariffs down to ZERO if they are capable to marque an statement with the U.S.,” Trump wrote successful a Truth Social station Friday.