US stocks tanked on Friday as Wall Street grappled with President Trump's escalating trade war and weighed signs of reinvigorated inflation pressures amid souring consumer sentiment. The major averages fell on Friday after the release of a hotter-than-expected Personal Consumption Expenditures index reading,

The U.S. stock market closed sharply down Friday, booking weekly losses as investors fretted over the potential for tariffs to weigh on consumer spending and weaken the economy. The Dow Jones Industrial Average dropped 715.

Stifel analyst Jim Duffy was one of several analysts who reiterated a Buy rating on the consumer discretionary stock after earnings. Duffy says that he appreciates "the relative conservatism" in Lululemon's guidance, adding that the company has a "track record for outperformance" and several "tangible near-term drivers."