Stocks quickly rebounded after opening lower on Monday, indicating that investors were willing to shrug off the concerns that gripped markets for most of last week. Still, the bulk of the conversation to start the new week seems focused on President Trump's ongoing tariff proposals and the resulting fear of a possible trade war.
Zacks Rank #1 (Strong Buy) Top Movers
Value: Interserve PLC ISVJY - +6.3%
Momentum: CF Industries CF - +6.4%
Income: Rocky Brands RCKY - +9.3%
Dow: 24,881.75 / +343.69 / +1.4%
Nasdaq: 7,330.70 / +72.85 / +1.0%
S&P 500: 2,720.94 / +29.69 / +1.1%
Zacks strategist Kevin Cook dives into the latest drama surrounding President Trump's plans to impose new tariffs on steel and aluminum.
A look at the U.S-based steel companies that could stand to benefit if the White House's tariffs do become a reality.
Shares of Amazon surged more than 1.2% in late-morning trading Monday after new reports linked the company to the financial industry.
Want more market analysis from this author? Make sure to follow @ Ryan_McQueeneyon Twitter!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.