Stocks in limbo as Trump wavers on ZTE, China tariffs

Stocks trading in limbo here as Trump tacks again on ZTE, and China. Plus – Amazon’s latest tech gambit could come at the expense.. of your privacy. We explain. And – from football to basketball how leagues are getting ready for legalized sports betting. Plus – why the inflation picture could get real ugly later this year. A market expert weighs. Catch The Final Round at 3:55 ET p.m. with Jen Rogers and Yahoo Finance markets correspondent Myles Udland and Dan Roberts.

Winners and losers

Stocks in the red include JC Penney as the president and CEO, Marvin Ellison, leaves the struggling retailer for Lowe’s, Toll Brothers, the luxury home builder reported an earnings miss as rising costs squeeze margins, and Kohl’s – shares dropping despite an earnings beat and raising its forecast, as the retailer says it expects ‘headwinds’ in the second half of the year.

Stocks in the green include The TJX Companies, the off-price department store reported strong first-quarter results, the CEO said in a statement that “customer traffic was the primary driver of store sales increases,” Micron Technology as the company is planning a $10 billion share buyback, and NXP Semiconductors – shares rising on hopes its deal with Qualcomm will be approved by China as trade tensions appear to ease.

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