S&P down -1.34%

The US major US stock indices ending a rocky session with sharp declines. Blame the steel and aluminum tariffs from the Trump administration.

  • The S&P index is closing down -36.16 points or -1.33% at 2677.67
  • The NASDAQ is closing down the -92. 446 points or -1.27% at 7180.56
  • the Dow industrial average is ending down -420.22 points or -1.68% at 24608.98.

The overachievers on a big down day include:

  • AK Steel, +9.69%
  • Steel Dynamics +4.0%
  • Nucor, +3.29%
  • Twitter, +1.29%
  • Phillip Morris, +1.02%
  • Coca-Cola, +0.42%
  • Alcoa, +0.22%
  • Procter & Gamble, +0.18%
  • Celgene, +0.08%
  • Chevron, +0.04%

The biggest underachievers of widely held stock include:

  • Nvidia, -4.05%
  • General Motors, -3.96%
  • Lockheed Martin, -3.61%
  • Boeing, -3.3%
  • Alphabet, -3.19%
  • Intel, -2.94%
  • Caterpillar, -2.85%
  • Citicorp, -2.45%
  • Goldman Sachs, -2.32%

Generally speaking steel and aluminum companies were the winners. The biggest losers were tech, car companies and heavy machinery and financial institutions as yields fell sharply too.