After delivering its strongest monthly performance since November 2023, Wall Street entered June on a cautious note, with mounting geopolitical tensions and new trade tariffs clouding investor appetite for risk assets.
Let's delve into the developments on the US markets in the middle of the day on Monday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
The US market is yet to commence its session on Monday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
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.
