On this episode of Stock Movers:
- Adidas and Puma shares rallied as a US court blocked many of President Trump's tariffs on imports from dozens of countries. The stocks had slumped in April on concern over tariffs on clothing items imported from Asia.
- Luxury stocks including LVMH gained on hopes that the court ruling on tariffs would benefit demand for high-end goods. That was even as LVMH’s deputy chief executive officer indicated that a slump in demand for luxury items may still have some way to run.
- Auto Trader reported revenue for the full year that missed the average analyst estimate.

Weekly Roundup: Meta's AI-Driven Rally, Gen Digital Drops, Moderna Surges
03:28

Closing Bell: Akamai-Anthropic Contract, Microsoft Jumps, Meta's New AI Agent
05:38

Akamai Rallies on Anthropic Deal, Twilio Slips, McDonald's Drops
04:56