Corona Manufacturer's Stock Drops 5% on Mexican Tariff Talk

Corona Manufacturer’s Stock Drops 5% on Mexican Tariff Talk

Adviser Investments Vice President Charlie Toole has the market analysis for Friday, May 31. President Trump’s threat to impose tariffs on Mexican imports dominated headlines and pushed major U.S. indexes down: The Dow Jones Industrial Average, S&P 500 and NASDAQ fell 1.4%, 1.3% and 1.5%, respectively. In particular, Constellation Brands saw its stock fall more than 5%—its largest single-day loss since early January. The company imports all of its U.S.-distributed Corona and Modelo beer products from Mexico.


Recent Videos

View All Videos

Adam Johnson Sees the Sunny Side of Stocks’ Slide

Adam Johnson on Cheddar: An Opportunistic View of the Sell-Off

Inflation, Health Tech, And Alcoa’s Strong Q4

Lowell on Fox Business: Traders Looking Beyond Omicron, Inflation

Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.