NEW YORK, NY / ACCESSWIRE / March 9, 2018 / Stock markets closed higher Thursday as President Donald Trump imposed tariffs on imported steel and aluminum that excluded Canada and Mexico. The Dow Jones Industrial Average gained 0.38 percent to close at 24,895.21, while the S&P 500 Index increased 0.45 percent to close at 2,738.97. The Nasdaq Composite Index rose 0.42 percent to close at 7,427.95.

"The tariffs are driving volatility in the short term, but it seems like it is more about politics than a fundamental policy change, given the reports that Mexico and Canada could be exempt. We think the likelihood of a full trade war is low, and that any market dips are a buying opportunity," said Abe Sheikh, co-chief investment officer of Cougar Global, according to MarketWatch.

RDI Initiates Coverage on:

AK Steel Holding Corp.
https://rdinvesting.com/news/?ticker=AKS

United States Steel Corp.
https://rdinvesting.com/news/?ticker=X

AK Steel Holding's stock moved 4.05% lower Thursday, to close the day at $5.45. The stock recorded a trading volume of 26,845,163 shares, which was above its three months average volume of 20,607,310 shares. In the last year, AK Steel Holding's shares have traded in a range of 4.00 - 8.65. The share price has gained 36.25% from its 52 week low. The company's shares are currently trading at their 200-day moving average. The stock's 50-day moving average of $5.54 is greater than its 200-day moving average of $5.45. Shares of the company are trading at a Price to Earnings ratio of 272.50. Shares of AK Steel Holding have gained roughly 19.52 percent in the past month and are down 3.71 percent year-to-date.

Access RDI's AK Steel Holding Corp. Research Report at:
https://rdinvesting.com/news/?ticker=AKS

On Thursday, shares of United States Steel recorded a trading volume of 19,767,941 shares, which was above the three months average volume of 12,614,015 shares. The stock ended the day 2.93% lower at 44.35. The share price has gained 139.08% from its 52-week low with a 52-week trading range of 18.55 - 47.64. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $40.19 is greater than its 200-day moving average of $31.89. Shares of the company are trading at a Price to Earnings ratio of 20.25. Shares of United States Steel have gained roughly 30.63 percent in the past month and are up 26.03 percent year-to-date.

Access RDI's United States Steel Corp. Research Report at:
https://rdinvesting.com/news/?ticker=X

Our Actionable Research on AK Steel Holding Corp. (NYSE:AKS) and United States Steel Corp. (NYSE:X) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com