Stock futures slipped Thursday morning as investors weighed President Donald Trump’s broad import tariffs on goods entering the U.S. The revised tariff framework establishes a minimum baseline of 10%, with the highest rate soaring to 49%.

Here are some of Thursday's biggest stock movers:

Biggest stock gainers

• Diageo (NYSE:DEO) +4% - Shares climbed as analysts viewed the U.S. tariff announcement as avoiding the worst-case scenario for the spirits' industry. Goodbody analysts noted that no additional duties were imposed on imports from Canada and Mexico, making the outcome "less bad than feared" for Diageo. Jefferies analyst Edward Mundy highlighted that a potential 200% tariff on EU alcohol imports was averted, offering relief to European distillers.

Biggest stock losers

• Tesla (NASDAQ:TSLA) -8% - Shares plunged after reporting its worst quarterly deliveries since 2022, falling significantly short of expectations. Tesla delivered just 336K vehicles in Q1, well below the consensus estimate of 377K, as production disruptions from the Model Y refresh and potential backlash against Elon Musk’s political involvement weighed on results. Wedbush analyst Dan Ives called the numbers a "disaster" and urged Musk to refocus on Tesla rather than political controversies and his ties to Dogecoin. Meanwhile, Politico reported that U.S. President Donald Trump has told insiders that Musk will step back from his role as a governing partner in the coming weeks.
• Wayfair (NYSE:W) -14%, Nike (NYSE:NKE) -8%, American Eagle (NYSE:AEO) -5% - Shares of major retailers tumbled as the market reacted to the impending 46% tariffs on Vietnam announced by U.S. President Donald Trump. The steep tariffs, set to take effect on April 9, could significantly impact companies in the apparel, furniture, and toy industries, potentially driving up costs. Analysts warn that some corporations may pass these cost increases onto consumers through price hikes, adding to inflationary pressures in the retail sector.