Unity Software Inc. (U) shares are down 4.47% to $22.95 as of 9:41 am on November 26th, compared to the previous close of $24.02. The decline comes amid a broader market reaction to President-elect Donald Trump's recent tariff threats. In a post on his social media platform, Trump announced plans to impose a 25% tariff on all products from Mexico and Canada and an additional 10% tariff on Chinese products. These announcements have created uncertainty in the market, with traders cautious about making significant moves. The mixed signals from the futures market, with Dow futures down 0.3% and S&P 500 futures up 0.3%, reflect this uncertainty.
Additionally, the global market sentiment is subdued, with major indices in Asia and Europe showing declines. Japan's Nikkei 225 Index fell by 0.9%, and the German DAX Index is down by 0.3%. This international market downturn may also be contributing to the pressure on Unity Software's stock.