Risk-on sentiment dominated Wall Street on Wednesday, as upbeat earnings reports and conciliatory messages from the Trump administration helped lift investor confidence.
U.S. stock futures continued rising on Wednesday after a day of strong recovery on Tuesday. Futures of major benchmark indices were higher in premarket.
There's one more twist in the neverending saga of United States Steel Corp. (NYSE: X) and its acquisition by Japan's Nippon Steel Corp. which has been in the works since 2023.
As new trade tariffs hit the United States and most of its trading partners, these steelmaking stocks might come as a potential rescue for investor portfolios.
The brokerage noted that the larger-than-anticipated tariffs could lead to demand destruction for steel companies but acknowledged that negotiations and potential rollbacks remain possible.
The brokerage described Steel Dynamics as a "best-in-class" domestic steel producer with a product mix that is well-aligned with the new trade measures.
Curious about the top performers within the S&P500 index one hour before the close of the markets on Friday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
US Steel stock (X) shows bullish signals with 8.35% gain in 5 days and forming a Golden Cross. Strong momentum, earnings outlook, and merger drama drive the stock's rise. Billionaire Druckenmiller doubles stake as Trump hints at supporting blocked merger. Next move could be explosive.
Known for his philosophy of investing in what you know, Peter Lynch looked for companies with consistent earnings growth, low debt, and a competitive edge. Does STEEL DYNAMICS INC (NASDAQ:STLD) meet these key criteria? Let’s find out.
Curious about the top performers within the S&P500 index in the middle of the day on Monday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
