Thursday, 8 March 2018

Stocks close higher after President Donald Trump signs steel and aluminum import tariffs

Stocks closed higher on Thursday after President Donald Trump implemented steel and aluminum import tariffs that excluded Canada and Mexico, two key U.S. trade partners.

Wall Street had been on edge ahead of Donald Trump's announcement of controversial orders imposing heavy tariffs on steel and aluminium. However, the main stock indexes ended the day in positive territory.

The Dow Jones closed 93.85 points or 0.38% higher at 24,895.21, while the S&P 500 rose 12.17 points or 0.45% to 2,738.97. The tech-heavy Nasdaq gained 0.42% or 31.3 points to 7,427.95.

BBC      News.