Stocks Rise as Trump Proposes New Tariffs on Steel and Aluminum

Reported 2 days ago

The Dow and Nasdaq experienced gains as President Trump announced plans for a new 25% tariff on steel and aluminum imports, causing significant increases in related stocks. While the overall impact on the global economy remains uncertain, investors are also awaiting an inflation report this week. In other news, McDonald's faced a disappointing earnings report due to an E. coli outbreak, whereas GameStop shares surged over 8% amid speculation of a potential investment in Bitcoin.

Source: YAHOO

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