The Dow Jones today struggled to gain momentum in pre-market hours as investors awaited an announcement from the U.S. White House concerning the imposition of European tariffs. The Trump administration is expected to impose steel and aluminum tariffs on the European Union after failing to gain trade concessions from the European Parliament.
Following the Trump administration's announcement, shares of United States Steel Corp. (NYSE: X) added 4.3%. To learn more about how to play the steel market as steel tariffs begin to take full effect, click here...
Here are the numbers from Wednesday for the Dow, S&P 500, and Nasdaq:
Now here's a closer look at today's Money Morning insight, the most important market events, and stocks to watch.
Fast Money: This powerful secret made one man a millionaire. Now he's sharing it live on camera - find out how you could use it to become $2,918 richer in less than a minute. Click here...
Oil prices remain under pressure thanks to renewed fears that OPEC and Russia are about to bring production levels into overdrive. That could have a serious impact on 99.9% of the global population at a time when oil is flirting with a four-year high.
Money Morning Technical Trading Strategist D.R. Barton, Jr., appeared on FOX Business Network's "Varney & Co." yesterday to explain the reason behind oil's precipitous drop... and why he doesn't expect it to recover any time soon. Here's what you need to know.
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