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.