Shares of steel companies rose Monday after President Trump said he would restore tariffs on steel and aluminum imports from Brazil and Argentina. U.S. Steel Corp. gained 4.2%, AK Steel Holding Corp. surged 4.7% and TimkenSteel Corp. rose 4.1%, despite declines in the broader stock market. Trade uncertainties and a disappointing report on the manufacturing sector weighed on major indexes. The S&P 500 fell 0.9%; its materials sector fell 0.9% and the industrials sector slumped 1.6%.

Source: Wall Street Journal December 02, 2019 19:24 UTC