Stocks sink as Canada, Mexico retaliate on tariffs

Stocks are tumbling as Canada and Mexico strike back on Trump’s steel and aluminum tariffs. Plus, we’ve got big earnings reports with Lululemon and Costco on the way. And, what does the Trumponomics scorecard say now? Rick Newman has the grade. Plus, it’s a big day for autonomous driving with GM rallying on a deal with Softbank. Is the General the top trade in driverless tech? Catch The Final Round at 3:55 ET p.m. with Jen Rogers, Yahoo Finance markets correspondent Myles Udland and columnist Rick Newman

Winners and losers

Stocks in the red include Sears as the retailer is closing 72 Sears and Kmart stores. Sears revealed the closures as it announced revenue dropped more than 30% for the quarter to $2.9 billion; Crispr, as the FDA has placed a clinical hold on its drug for the treatment of sickle cell disease; and Micron Technology, as Morgan Stanley downgrades the chip stock to Equal-weight from Overweight due to the company’s fully priced valuation.

Stocks in the green include PVH as the parent company of Tommy Hilfiger and Calvin Klein experienced global sales growth across its segments; Madrigal Pharmaceuticals, as its liver disease drug succeeds in mid-stage trial; and J.Jill, with shares of the women’s apparel brand jumping after earnings and sales blow past expectations. Revenue totaled $181.5 million, up from $166.1 million for the previous year.