Friday, March 23, 2018

Hard-Hit Industrial Stocks

Who's going to be hurt by the Trump Administration's proposed tariffs against the Chinese? The market seems to think it's manufacturers, who could end up spending significantly more for the metals in their products.

The S&P 500's industrial sector fell by 1.4 percent yesterday. Some of the more notable losers:

  • Lightweight metals engineering firm Arconic, down 3.1 percent 
  • Airplane giant Boeing, down 2.8 percent 
  • Heavy-machinery maker Caterpillar, down 2.7 percent
  • Farm machinery maker Deere & Co., down 2.4 percent 
  • Maker of steel products Nucor, down 2.1 percent 
  • Producer of aluminum cans Amcor, down 1.5 percent

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