10 things to watch in the stock market Monday including steel tariffs and an Nvidia call
A drone view shows Gary Works, the largest integrated steel mill in the U.S., which is operated by U.S. Steel, in Gary, Indiana, U.S., December 12, 2024.
Vincent Alban | Reuters
Stocks are indicated higher Monday after the S&P 500 fell 1% on Friday on concerns about tariffs and a weaker consumer sentiment survey. The S&P 500, Nasdaq and Dow are all coming off modest weekly losses. In the week ahead, the earnings calendar is easing a bit, but we will hear from Club name DuPont on Tuesday morning.
Shares of Nucor and other steelmakers are jumping in premarket trading after President Donald Trump told reporters Sunday that he plans to impose 25% tariffs on all imports of steel and aluminum. North Carolina-based Nucor has been on the Club's watchlist of stocks known as the Bullpen.
Evercore ISI added Club holding Nvidia to its "Tactical Outperform" list into the AI chipmaker's Feb. 26 earnings report. Analysts view the stock's sell-off on DeepSeek concerns as an opportunity and kept their price target of $190 a share.
