Best Buy (BBY) Shares Soar 13.32% After Trade War Concerns

Best Buy (BBY) shares surged by 13.32%, marking a significant rebound after hitting its lowest level since April 2020 earlier today, with an intraday decline of 2.10%.

The primary factor influencing Best Buy's stock price is the ongoing trade war and tariffs. On April 9, 2025, reports indicated that Best Buy's stock had reached a five-year low, largely due to analysts' concerns about the substantial negative impact of tariffs on the company. The retail sector has been bearish, and Best Buy's price target has been lowered as a result. The escalating trade war with China has broader implications for US stocks, including retail stocks like Best Buy, which could be affected by changes in tariffs imposed on China and other countries.