Steel stocks got some of their old Trump magic back for a day, as one of the best-performing groups in the month after the November election, led the market on Thursday.
As Washington was transfixed by ex-FBI Director James Comey’s testimony, Wall Street was fired up by word from the Trump administration that it’s getting ready to tilt the balance of trade more in favor of U.S. steel producers.
Investors picked beaten-down shares of AK Steel (AKS) out of the scrap heap, as it led the way with a 5.5% advance on the stock market today. Steel Dynamics (STLD) climbed 5.2%, US Steel (X) 4.7% and Nucor (NUE) 3.4%.
Read more at investors.com
