Latest news with #Nucor
Economic Times
2 days ago
- Business
- Economic Times
US Stock market today: Dow jumps 250 points, S&P 500 and Nasdaq rise as Tesla, Amazon, JPMorgan, Nvidia and Enphase rally ahead of Fed decision and Middle East crisis escalates
Why is the Dow rising while markets await the Fed's interest rate decision? How the major indexes are performing today Dow Jones is up over 250 points, driven by gains in banking and industrial stocks. is up over 250 points, driven by gains in banking and industrial stocks. S&P 500 is trading higher by around 0.5%, supported by strength in energy, tech, and financials. is trading higher by around 0.5%, supported by strength in energy, tech, and financials. Nasdaq is edging up about 0.6%, with a broad rebound in large-cap technology stocks. is edging up about 0.6%, with a broad rebound in large-cap technology stocks. 10-Year Treasury Yield is holding near 4.37%, reflecting cautious optimism ahead of the Fed. is holding near 4.37%, reflecting cautious optimism ahead of the Fed. Oil prices are retreating slightly, with WTI crude trading around $72.33 per barrel as Middle East tensions remain high. are retreating slightly, with WTI crude trading around $72.33 per barrel as Middle East tensions remain high. Gold is seeing mild weakness, trading near $3,383 per ounce, as risk appetite grows. Top performing stocks today Dow Jones leaders JPMorgan Chase is leading the index with a 2.5% gain, adding significant weight to the Dow. is leading the index with a 2.5% gain, adding significant weight to the Dow. American Express is up over 2%, helped by strong consumer confidence. is up over 2%, helped by strong consumer confidence. Goldman Sachs, Caterpillar, and Amazon are also among the top Dow gainers, reflecting strength in finance, industry, and retail. S&P 500 standouts Enphase Energy and Nucor are both gaining nearly 3.8%, showing strong performance in energy and materials. and are both gaining nearly 3.8%, showing strong performance in energy and materials. Tesla is rebounding with a 2.4% climb, after a rough previous session. is rebounding with a 2.4% climb, after a rough previous session. Oracle and State Street are also moving higher, each up more than 2%. Nasdaq and big tech rebound Tesla is leading tech recovery with a strong bounce. is leading tech recovery with a strong bounce. Amazon , Broadcom , Microsoft , Apple , Nvidia , and Meta are all trading higher, contributing to the Nasdaq's rise. , , , , , and are all trading higher, contributing to the Nasdaq's rise. These gains reflect renewed investor confidence in AI and cloud computing sectors. What is the market expecting from the Fed and Powell's press conference? Live Events Which stocks and sectors are moving the most today? Nucor shares surged about 5% in pre-market trading after forecasting Q2 earnings per share (EPS) of $2.55–$2.65. Steel Dynamics also issued Q2 guidance of $2.00–$2.04, which, while lower than last year, still topped Q1 due to rising steel prices. Premarket movers that stood out NuScale Power Corp. climbed over 3.5% in premarket trading, boosted by interest in nuclear energy plays. climbed over 3.5% in premarket trading, boosted by interest in nuclear energy plays. TG Therapeutics Inc. gained 3.3% premarket on strong biotech sentiment. gained 3.3% premarket on strong biotech sentiment. Circle Internet, StandardAero, and Karman Holdings also saw gains of over 3% before the opening bell. Breakout and watchlist stocks Cisco Systems is approaching a technical breakout, showing strong accumulation. is approaching a technical breakout, showing strong accumulation. Palo Alto Networks remains within a buy range, maintaining bullish momentum. remains within a buy range, maintaining bullish momentum. Antero Resources recently broke out but is seeing a temporary pullback—worth watching for re-entry. How are geopolitical tensions with Iran impacting oil and energy markets? What should investors focus on going into the Fed decision? 2 p.m. ET – Fed's policy decision: Most expect no rate change. 2:30 p.m. ET – Jerome Powell's press conference: Will set the tone for the market's expectations on cuts. 'Dot plot' update: Offers insight into how many rate cuts (if any) Fed members foresee in 2024. 10-year Treasury yield: Now around 4.36%, down from recent highs, which suggests some easing in rate pressures. What does this all mean for markets ahead? Takeaway for investors The market is cautiously optimistic, driven by strong financials, steady tech recovery, and easing oil prices. All eyes remain on the Fed's message regarding future rate cuts, as well as any signs of economic slowdown or resilience. Investors may benefit from staying diversified, monitoring breakout names, and watching for volatility following the Fed's press conference. FAQs: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Stock Market Today showed cautious optimism as the Dow Jones Industrial Average climbed over 250 points in early trade, led by financial giants like JPMorgan Chase and Goldman Sachs. The S&P 500 and Nasdaq Composite also inched upward, with investors keeping a close eye on the Federal Reserve's upcoming rate decision and rising Middle East tensions, particularly involving Iran and mid-morning, the Dow was up around 113 points, or 0.3%, driven largely by strong performances from JPMorgan Chase (+1.8%) and Goldman Sachs (+1.5%). Together, these two banking giants added roughly 88 points to the index, according to S&P 500, Dow, and Nasdaq futures remained mostly flat in pre-market trading, reflecting investor caution ahead of the Federal Reserve's 2 p.m. ET decision. Traders expect the Fed to hold interest rates steady at the current 4.25%–4.50% range. The real focus will be on the updated economic projections—especially the 'dot plot', which outlines each policymaker's outlook on future a strong consensus that the Fed won't change rates today, but the tone of Chair Jerome Powell's 2:30 p.m. press conference will be key. Investors are looking for clues on whether a rate cut is likely later this Lee from Fundstrat is optimistic. Citing softer inflation data—just a 0.1% rise in CPI and flat import prices—he believes these are dovish signals. Lee even projected a year-end S&P 500 target of 6,600, highlighting a potentially strong rally if inflation continues to stocks are rallying sharply on news of fresh U.S. financial sector is also seeing green, as mentioned, with banks like JPMorgan and Goldman Sachs lifting the broader prices spiked close to five-month highs, nearing $75 per barrel, as conflict between Iran and Israel intensifies. While the situation hasn't yet disrupted global oil supply, the risk premium is climbing. Markets are highly sensitive to any possible interruption, especially through the Strait of Hormuz, a critical shipping to Reuters and Investopedia, investors are watching the situation closely for any signs of escalation that could rattle global energy prices or affect regional what's coming up and why it matters:Also, investors are monitoring the Israel-Iran tensions and their potential effect on oil prices, supply chains, and overall market far, the stock market today is reflecting cautious optimism, with a slight tilt toward bullishness. With financials rising, steel boosted by tariffs, and energy stocks reacting to oil price movements, there's no single driver—but rather a blend of Fed policy, sector-specific news, and global always, Fed commentary and future rate path projections could quickly shift momentum. A dovish tone might fuel a rally. But any signs of prolonged high rates could temper the recent tuned for Powell's remarks and the updated economic forecast—they could set the direction for the second half of gains in JPMorgan and Goldman Sachs boosted the Dow over 250 tensions pushed oil prices near five-month highs due to supply risk fears.
Yahoo
2 days ago
- Business
- Yahoo
Nucor Stock Rises as Steelmaker Forecasts Improving Q2 Profits
Nucor shares rose Wednesday after the steelmaker forecast better second-quarter profits than expected. Profits are projected between $2.55 and $2.65 per share, well above the $2.21 analyst consensus. Tariffs are expected to raise prices in the steel industry, leading to higher profits for American steelmakers like (NUE) shares are rising Wednesday after the steelmaker outlined better second-quarter profit projections than analysts had forecast. The company said Wednesday morning that it expects second-quarter earnings per share to come in between $2.55 to $2.65, well above the current analyst consensus compiled by Visible Alpha of $2.21. In its first-quarter report in April, Nucor said it expected earnings to increase from the $0.67 per share it posted at the time, with improving profits across all three of its segments. Nucor's steel mills had a higher average selling price in the second quarter, while its division selling steel products is projected to report higher profits "due to a combination of stable overall pricing, higher volumes and lower average costs per ton." Nucor said it will release its second-quarter results after the bell on July 28, and hold an earnings call the next morning. Analysts have grown more bullish on American steelmakers like Nucor this year, expecting the Trump administration's tariffs to raise prices in the industry and lead to higher profits in the sector. Nucor shares were up more than 3% shortly after the opening bell, and entered the day up nearly 5% since the start of the year. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Nucor Corporation (NUE)'s Former CEO Told Me About Steel Dumping, Says Jim Cramer
We recently published a list of . In this article, we are going to take a look at where Nucor Corporation (NYSE:NUE) stands against other stocks that Jim Cramer discussed. Nucor Corporation (NYSE:NUE) is another frequent steel stock discussed by Jim Cramer. It is the biggest steel company in America and the shares are up by 6.7% year-to-date. While Nucor Corporation (NYSE:NUE)'s shares sank by 16% in April after the Liberation Day tariff announcements, they jumped by 10% in June. The stock rose after the firm's domestic exposure as a sizable player in the steel industry aided it after President Trump announced 50% steel tariffs and implemented the new tariffs on June 4th. Cramer's previous remarks about Nucor Corporation (NYSE:NUE) have asserted that the firm has suffered due to cheap Chinese steel flooding the US market. This time around, he reasserted the claim: "Well I think that I wanted it [CLF] to win because I have been very suspicious of Nippon Steel which has had a history I believe of dumping in our country. And that is I'm getting that Dan DiMicco, the former CEO of Nucor who has continually told me the kind of dumping that we've seen around the world." In his previous comments about Nucor Corporation (NYSE:NUE), Cramer commented: 'I think Navarro would have said, look, we have got to stop whatever China is doing. We have to put a tariff on China. But we also have to stop steel coming from Mexico in particular because they're sneaking their, the Chinese are sneaking their steel in. That's what it's about. That's why Nucor goes higher. Yeah. Buy some Nucor. Overall, NUE ranks 6th on our list of stocks that Jim Cramer discussed. While we acknowledge the potential of NUE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
United States Steel Corporation (X) Should Not Have Been Bought By Nippon, Says Jim Cramer
We recently published a list of . In this article, we are going to take a look at where United States Steel Corporation (NYSE:X) stands against other stocks that Jim Cramer discussed. United States Steel Corporation (NYSE:X) is an American steel company headquartered in Pittsburgh, Pennsylvania. As has been the case with its peer Nucor, the firm has featured regularly in Cramer's morning show in 2025. The CNBC host has commented on United States Steel Corporation (NYSE:X) in the context of the firm's acquisition by Japan's Nippon Steel. Cramer's previous comments have seen him advise viewers to invest in Nucor instead of US Steel. He has also been vehemently against Nippon's attempt to buy United States Steel Corporation (NYSE:X) as he believes the Japanese firm has dumped steel in the US market to depress steel prices and hurt American manufacturers. His recent comments came after co-host David Faber remarked that the deal for US Steel was about to close: "Well I think that I wanted it [CLF] to win because I have been very suspicious of Nippon Steel which has had a history I believe of dumping in our country. And that is I'm getting that Dan DiMicco, the former CEO of Nucor who has continually told me the kind of dumping that we've seen around the world." Cramer has asserted previously on multiple occasions that he prefers Nucor over United States Steel Corporation (NYSE:X). For instance, he commented on one occasion: 'And Nucor, when I see these numbers I always want to buy Nucor not letter X. I know I think that the President, the administrative team is against Nippon Steel because historically the Japanese have subsidized dumping steel in our country. I think that Vice President Vance could play a role here, because he knows that area where steel is.' Overall, X ranks 5th on our list of stocks that Jim Cramer discussed. While we acknowledge the potential of X as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
United States Steel Corporation (X) Should Not Have Been Bought By Nippon, Says Jim Cramer
We recently published a list of . In this article, we are going to take a look at where United States Steel Corporation (NYSE:X) stands against other stocks that Jim Cramer discussed. United States Steel Corporation (NYSE:X) is an American steel company headquartered in Pittsburgh, Pennsylvania. As has been the case with its peer Nucor, the firm has featured regularly in Cramer's morning show in 2025. The CNBC host has commented on United States Steel Corporation (NYSE:X) in the context of the firm's acquisition by Japan's Nippon Steel. Cramer's previous comments have seen him advise viewers to invest in Nucor instead of US Steel. He has also been vehemently against Nippon's attempt to buy United States Steel Corporation (NYSE:X) as he believes the Japanese firm has dumped steel in the US market to depress steel prices and hurt American manufacturers. His recent comments came after co-host David Faber remarked that the deal for US Steel was about to close: "Well I think that I wanted it [CLF] to win because I have been very suspicious of Nippon Steel which has had a history I believe of dumping in our country. And that is I'm getting that Dan DiMicco, the former CEO of Nucor who has continually told me the kind of dumping that we've seen around the world." Cramer has asserted previously on multiple occasions that he prefers Nucor over United States Steel Corporation (NYSE:X). For instance, he commented on one occasion: 'And Nucor, when I see these numbers I always want to buy Nucor not letter X. I know I think that the President, the administrative team is against Nippon Steel because historically the Japanese have subsidized dumping steel in our country. I think that Vice President Vance could play a role here, because he knows that area where steel is.' Overall, X ranks 5th on our list of stocks that Jim Cramer discussed. While we acknowledge the potential of X as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
