US stock markets looked to recover on Monday after sharp losses last week, with steelmakers leading the way following President Donald Trump’s announcement of new tariffs on steel and aluminum imports.
US stocks climb after tariff announcement
Ahead of the market opening, futures showed positive momentum:
Dow Jones Industrial Average (YM=F) gained 0.3% after suffering its worst loss in nearly four weeks on Friday.
S&P 500 (ES=F) climbed 0.5%.
Nasdaq 100 (NQ=F) rose 0.7%, signaling strong recovery for tech stocks.
Trump confirmed on Sunday that he would impose ..
Cleveland-Cliffs (CLF) and Nucor (NUE), both rising over 8% in pre-market trading.
US Steel (X), up 6%, despite ongoing concerns over a proposed Nippon Steel buyout.
Aluminum producer Alcoa (AA) also saw gains.
Source Name : Economic Times