Bad news for businesses that move things! Stocks of companies that transport goods went down a lot on Friday. This is because investors are worried about the economy and new taxes called tariffs.
- Tariffs are like extra taxes on things brought from other countries.
- Companies that move goods by air, land, and sea saw their stock prices drop.
- People are worried that tariffs will make things more expensive and fewer things will be shipped.
Company | Stock Price Change |
---|---|
Old Dominion | Down 8.5% |
Avis Budget | Down 7.2% |
Alaska Air Group | Down 6.9% |
Experts think the economy might be slowing down. Tariffs might be making things even worse.