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 on Fox Business: Why I Like to Go Against the Crowd

Adam Johnson on Fox Business: Bear-Bull Ratio May Signal a Bottom

Lowell on Fox Business: Using Cash for Defense and Offense

Lowell on Fox Business: Interest-Rate Hikes and the American Consumer

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