Why Arista Networks Stock Was Down Today
Shares of Arista Networks (NYSE: ANET) sank lower on Monday. The company's stock lost 3.2% by the end of the trading day, but it was down as much as 5.6% earlier in the day. The loss comes as the S 500 finished down 0.8% and the Nasdaq Composite lost 1.2%.
Arista was impacted along with most of the market by tariffs expected to be levied by the Trump administration.
Over the weekend, President Trump announced new tariffs on Canada, Mexico, and China. While agreements were eventually reached with Canada and Mexico that would pause their implementation for 30 days, stocks across the market sank. Any tariffs would likely lead to a rise in prices for consumers and businesses alike.
Source Fool.com
