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Five Below Plunges 10% on a Trump Landslide: Are Tariffs on the Way?
FIVEFive Below(FIVE) ZACKS·2024-11-07 19:45

Donald Trump is back at the White House, joining Grover Cleveland as the only other President in U.S. history to return to office after a gap of four years. With him comes his policy promises to curb foreign imports by raising tariffs on foreign goods. Five Below, Inc. (FIVE) , a popular discount store chain, saw a 9.9% plunge in its stock price on news of Trump’s win.To understand this, we have to dial back a bit. In August 2023, the former President, or more accurately the current President-elect, said in ...