Several steel and aluminum companies, including Cleveland-Cliffs Inc. (CLF) and Nucor (NUE), experienced significant stock price increases after an announcement from President Trump regarding an increase in steel tariffs to 50%. This move has sparked positive reactions in the market for these sectors.

Analysts are optimistic about the potential impact of this policy change on steel and aluminum stocks, highlighting opportunities for further price rallies. However, the mixed outlook in fintech raises questions about sustainability in broader market conditions.