Why Estee Lauder Stock Was Pulling Back Today

Prospective tariffs in a new Trump administration could hurt the stock.Shares of Estee Lauder (EL -3.58%) were among the losers today even as the broad market soared in response to former President Trump's victory.Estee Lauder has struggled badly in recent quarters amid weakness in China, and today's sell-off seems to come in response to another potential trade war between the U.S. and China. Trump also campaigned on tariffs, which could cut into profits for a global company like Estee Lauder.As a result, t ...