What’s News in Markets: Tariffs Whipsaw, Gap’s Bump, Target Prices

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  Hey listeners, it's Saturday, March 8th.

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  I'm Francesca Montana for the Wall Street Journal and this is What's News in Markets.

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  Our look at the biggest stock moves of the week and the news that drove them.

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  Let's get to it.

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  Trade, trade, trade.

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  That was the big story in the stock market as investors and portfolio managers grappled with fears about US economic performance amid a ton of policy uncertainty.

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  Don't worry if you missed the latest on all the rapid-fire tariff updates this week, I will run through those in a bit.

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  On a broader level, we've been seeing US consumer confidence slipping on fears of rising prices,

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  which was a thread we saw in some of the retail movers this week.

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  I'll come back to those in a minute too.

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  Then of course,

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  there's Thursday's big sell-off with chip stocks and particular getting hammered as investors searched through AI chip makers results looking for the next big thing,

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  the next Nvidia, if you will.

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  And while the indexes managed to end Friday in the black, they each notched losses for the week.

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  The Dow fell more than 2%, the S&P lost more than 3%, and the NASDAQ fell about 3.5%.

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  First up, let's set our target on target, the Red Bull's Eye, the American retail giant.

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  This week,

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  target was the latest retailer to warn investors about the looming impacts of higher tariffs and consumer uncertainty.

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  Like I said before, shoppers are worried that they'll be seeing a lot of price tags going up.

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  So on Tuesday, target said its February sales fell year over year,

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