76.30 +0.05 (0.07%)
After hours: 5:13PM EDT
|Bid||76.26 x 3700|
|Ask||76.45 x 1200|
|Day's Range||76.09 - 76.70|
|52 Week Range||63.55 - 80.96|
|PE Ratio (TTM)||341.88|
|Expense Ratio (net)||0.14%|
President Trump is reportedly considering $60 billion in tariffs on Chinese goods. Yahoo Finance’s Seana Smith, Andy Serwer, Dan Roberts and Brittany Jones-Cooper discuss potential backlash and how tariffs on China could hurt some US companies including Boeing.
Gary Cohn's decision to step down as President Trump’s top economic advisor triggers questions about the future of US economic policy. Yahoo Finance’s Seana Smith, Myles Udland and Dan Roberts discuss.
U.S. manufacturers and industrial ETFs were retreating Wednesday as anxious investors worry over the fallout from the Trump administration’s imposed tariffs. The Industrial Select Sector SPDR (NYSEArca: ...
Speculation that the Trump Administration’s recently announced tariffs on imported aluminum and steel will spark a trade war is prompting some investors to depart exchange traded funds viewed as vulnerable ...
In the previous part of this series, we saw that Goldman Sachs’s David Kostin is optimistic on the US equity market and his firm is confident that the S&P 500 Index could see 14% earnings growth. On one hand, Kostin discussed President Trump’s protectionism approach and the rising interest rate.
In the week ended March 9, 2018, the S&P 500 index closed at 2,786.57, rising by 2.4% after President Donald Trump turned flexible with his tariffs, allowing concessions for Canada and Mexico. The decision to introduce tariffs unnerved markets and generated resistance from domestic and international trade bodies, and President Trump’s softened stance allayed any fears about a global trade war, resulting in the equity rally on March 8. All the sectors within the S&P 500 Index registered gains last week, with S&P 500 industrials (XLI) gaining close to 4.4% after the concessions for Canadian and Mexican steel (SLX) and aluminum imports were announced.
The latest report from the US Department of Commerce, which was released in December 2017, indicated that the United States is the largest steel importer in the world, and Canada is the largest source of imports of steel and aluminum into the United States. Other countries that are major exporters to the United States are the European Union, South Korea, Mexico, and Brazil.
Threats of inflation, faster-than-expected interest rates, and the possibility of a trade war are playing foul in the U.S. stock market. President Trump announced his plan to impose severe tariffs of 24% on steel imports and 10% on aluminum imports “for a long period of time.” This would result in higher prices for a wide range of products thereby hurting a number of industries and overall economic growth.
Financial markets across the globe received another jolt from the US president even before they could completely recover from the rise in volatility that was witnessed at the beginning of February. President Donald Trump seems to be working toward his promise to put America first, announcing that he will introduce tariffs of 25% and 10% on imports of steel and aluminum, respectively. President Trump said that US steel (SLX) and aluminum industry players such as Alcoa (AA) and Newmont Mining (NEM) need support to return to their past glory.
The Industrial Select Sector SPDR (NYSEArca: XLI), the largest exchange traded fund tracking industrial stocks, and other major cap-weighted industrial ETFs are mostly flat this year, but some market observers ...
For the week ending March 2, 2018, the S&P 500 Index closed at 2,691.25. The index depreciating 2.0% after President Trump previewed possible tariffs on steel and aluminum imports. All of the sectors within the S&P 500 Index registered losses last week. The S&P 500 materials and industrials (XLI) lost close to 4% because they might have to incur higher costs to procure steel (SLX) and aluminum.
An industrial sector-specific ETF has experienced hefty outflows over the past week – partly due to President Donald Trump’s recently announced tariffs on steel and aluminum imports. The Industrial Select ...
While analysts debate whether or not we're heading for a trade war on the back of the new steel tariffs the White House introduced last week that rocked markets, others are already trying to parse who will be winners and losers in that war. Given the likelihood that the administration won't back down from the tariffs, despite the turmoil they've created, it's not surprising that estimates for steel prices are heading higher. Keybanc Capital Markets is in that camp: Analysts at the firm see implications from packaging to construction stocks as the commodity continues to climb.
The largest exchange-traded fund to track the industrial sector has seen massive outflows over the past month, an exodus that was driven in large part by President Donald Trump’s surprise announcements ...
Investors yanked money out of the biggest industrial exchange-traded fund after President Donald Trump announced plans last week to impose tariffs on steel and aluminum imports.