{"id":48885,"date":"2025-02-10T19:28:35","date_gmt":"2025-02-10T19:28:35","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-recap-stocks-rebound-as-steel-tariffs-boost-metal-producers\/48885\/"},"modified":"2025-02-10T19:28:35","modified_gmt":"2025-02-10T19:28:35","slug":"market-recap-stocks-rebound-as-steel-tariffs-boost-metal-producers","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-rebound-as-steel-tariffs-boost-metal-producers\/48885\/","title":{"rendered":"Market Recap: Stocks Rebound as Steel Tariffs Boost Metal Producers"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-rebound-as-steel-tariffs-boost-metal-producers\/48885\/#Major_Indexes_Close_Higher_Amid_Trade_Tensions\" >Major Indexes Close Higher Amid Trade Tensions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-rebound-as-steel-tariffs-boost-metal-producers\/48885\/#Trumps_Tariff_Announcement_Shakes_Markets\" >Trump&#8217;s Tariff Announcement Shakes Markets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-rebound-as-steel-tariffs-boost-metal-producers\/48885\/#Tech_Sector_Leads_the_Rebound\" >Tech Sector Leads the Rebound<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-rebound-as-steel-tariffs-boost-metal-producers\/48885\/#McDonalds_Earnings_Disappoint\" >McDonald&#8217;s Earnings Disappoint<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-rebound-as-steel-tariffs-boost-metal-producers\/48885\/#Energy_Sector_Gains_on_Oil_Price_Rise\" >Energy Sector Gains on Oil Price Rise<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-rebound-as-steel-tariffs-boost-metal-producers\/48885\/#Gold_Hits_Record_High\" >Gold Hits Record High<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-rebound-as-steel-tariffs-boost-metal-producers\/48885\/#Upcoming_Market_Events\" >Upcoming Market Events<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-rebound-as-steel-tariffs-boost-metal-producers\/48885\/#Corporate_Earnings_in_Focus\" >Corporate Earnings in Focus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-rebound-as-steel-tariffs-boost-metal-producers\/48885\/#International_Markets_and_Currency_Movements\" >International Markets and Currency Movements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-rebound-as-steel-tariffs-boost-metal-producers\/48885\/#Looking_Ahead\" >Looking Ahead<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Close_Higher_Amid_Trade_Tensions\"><\/span>Major Indexes Close Higher Amid Trade Tensions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On Monday, February 10, 2025, U.S. stock markets rebounded from last week&#8217;s losses, with major indexes closing in positive territory. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SPX\">SPX<\/a>) gained 0.64% to close at 6,064.57, while the <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DJI\">DJI<\/a>) rose 0.16% to 44,374.63. The tech-heavy Nasdaq Composite (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=IXIC\">IXIC<\/a>) outperformed, climbing 1.16% to 19,750.35.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trumps_Tariff_Announcement_Shakes_Markets\"><\/span>Trump&#8217;s Tariff Announcement Shakes Markets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The day&#8217;s trading was largely influenced by President Donald Trump&#8217;s announcement of new 25% tariffs on all steel and aluminum imports into the United States. This move, coming on top of existing duties, sparked a rally in U.S. steel and aluminum stocks. <b>Cleveland-Cliffs (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CLF\">CLF<\/a>) surged 18.72%, while other producers like Nucor (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NUE\">NUE<\/a>) and U.S. Steel (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=X\">X<\/a>) also saw significant gains<\/b>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Sector_Leads_the_Rebound\"><\/span>Tech Sector Leads the Rebound<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Technology stocks, which had faced pressure last week, led the market&#8217;s recovery. <b>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>) rose 3.41%, while other tech giants like Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>) and Alphabet (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GOOGL\">GOOGL<\/a>) climbed more than 1% each<\/b>. The sector&#8217;s rebound was partly attributed to investors&#8217; continued interest in artificial intelligence (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AI\">AI<\/a>) stocks, despite recent scrutiny of tech companies&#8217; AI investments.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"McDonalds_Earnings_Disappoint\"><\/span>McDonald&#8217;s Earnings Disappoint<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In corporate news, <b>McDonald&#8217;s (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MCD\">MCD<\/a>) reported a surprise decline in its U.S. comparable sales for the fourth quarter<\/b>. Despite this setback, the fast-food giant&#8217;s stock managed to gain 4.51% as investors focused on its global performance and future prospects.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Energy_Sector_Gains_on_Oil_Price_Rise\"><\/span>Energy Sector Gains on Oil Price Rise<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Energy stocks performed well, with the sector up 1.7% as oil prices climbed. <b>Crude oil futures rose 1.75% to $72.24 per barrel<\/b>, boosting the outlook for energy companies.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Gold_Hits_Record_High\"><\/span>Gold Hits Record High<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold prices<\/a> surged to a new record high, rising 1.6% to $2,933.90 per ounce<\/b>. The precious metal&#8217;s rally was fueled by investor concerns over trade tensions and potential inflationary pressures from the new tariffs.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events\"><\/span>Upcoming Market Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are now turning their attention to several key events this week:<\/p>\n<p>1. Federal Reserve Chair Jerome Powell&#8217;s semi-annual economic testimony to Congress on Tuesday and Wednesday.<br \/>2. The release of the Consumer Price Index (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CPI\">CPI<\/a>) data on Wednesday, which will provide insights into inflation trends.<br \/>3. Retail sales data, scheduled for release on Friday.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Corporate_Earnings_in_Focus\"><\/span>Corporate Earnings in Focus<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several notable companies are set to report earnings this week, including:<\/p>\n<p>&#8211; Coca-Cola (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=KO\">KO<\/a>)<br \/>&#8211; DoorDash (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DASH\">DASH<\/a>)<br \/>&#8211; CVS Health (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CVS\">CVS<\/a>)<br \/>&#8211; Cisco Systems (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CSCO\">CSCO<\/a>)<\/p>\n<p>These reports will offer further insights into consumer spending patterns and corporate performance across various sectors.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"International_Markets_and_Currency_Movements\"><\/span>International Markets and Currency Movements<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Asian markets showed mixed performance, with the Nikkei Index gaining slightly and the Hang Seng Index advancing more significantly. In Europe, both the German DAX and FTSE 100 posted gains.<\/p>\n<p>In currency markets, <b>the U.S. dollar strengthened against major peers, with the euro trading at 1.0329 and the Japanese yen at 152.17 against the dollar<\/b>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead\"><\/span>Looking Ahead<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As markets digest the impact of new tariffs and await key economic data, volatility may persist in the coming days. Investors will be closely watching for signs of inflationary pressures and any shifts in Federal Reserve policy stance that could affect interest rate expectations.<\/p>\n<p>The technology sector&#8217;s resilience and the performance of AI-related stocks will remain in focus, as will the broader implications of trade tensions on global economic growth. With a busy week of earnings and economic data ahead, market participants should brace for potential swings in sentiment and asset prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Close Higher Amid Trade Tensions On Monday, February 10, 2025, U.S. stock markets rebounded from last week&#8217;s losses, 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