Retailers and brands have already made a push to diversify sourcing because of tariff risks and supply-chain disruptions.
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The market setup appears fragile at the start of a new month.
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Wednesday saw further volatility roil markets as tensions ran high ahead of Trump’s announcement, but stocks ultimately ended the session in the green.
Thursday’s big stock stories: What’s likely to move the market in the next trading session
The major averages booked back-to-back gains on Wednesday, but they settled well off their session highs. Here’s what CNBC is watching going into Thursday.