Materials stocks ended Monday with gains, propelled by steelmakers that investors bid up on the heels of President Trump's announcement of greater steel tariffs. Nucor, Steel Dynamics and Cleveland-Cliffs all posted strong gains.
Shares of Dow, a chemical company, fell after it said it reached a deal to exit its DowAska partnership with Turkey's Akkok Holding. Dow said it is selling its 50% stake in the venture back to Akkok.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
June 02, 2025 16:51 ET (20:51 GMT)
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