Stock Exchange: Steel companies ascending on Wall Street

In the United States, the stock markets opened on Monday. The S&P500 index, which widely describes the market, was 0.4 % rising, technology -driven NASDAQ by 0.7 % and Dow Jones rising by 0.2 %.

US president Donald Trump On Sunday, told about its intentions to set 25 % import duties for aluminum and steel. Trump talked to the media on Sunday with his Air Force One flow aircraft. According to the President, he plans to set customs today on Monday.

Steel and aluminum companies were rising widespread on Monday. Among the risers, they were among others U.S. Steel (+4,0 %), Nucor (+6,2 %), Cleveland-Cliffs (+14.0 %) as well as Alcoa (+2,8 %).

Fast food chain McDonald´s On Monday, before the stock market opened, it announced its fourth quarter results. The adjusted earnings per share was $ 2.83 per share, which hit analyst forecasts. Net sales of $ 6.39 billion in the 4th quarter were $ 6.44 billion anticipated by economists. After the commerce started, the company’s course was $ 4.7 per cent at $ 308.08.

This week, the January inflation figures will be monitored this week on Wednesday. On Thursday, the Producer Price Index in January will be published and recent applications for unemployment benefits.

By Editor

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