Adidas Gains, Luxury Strength, Auto Trader Drop

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.

See omnystudio.com/listener for privacy information.