From Yahoo Finance: 2025-04-03 04:48:00

On Wednesday, Wall Street’s major indices closed higher as investors digested President Trump’s tariff announcements. The Nasdaq rose 0.87%, the S&P 500 gained 0.67%, and the Dow Jones was up 0.56%. Ten stocks performed well, reflecting market optimism and corporate developments.

Cleveland-Cliffs Inc. (CLF) ended a three-day losing streak by jumping 7.78% to $8.73 per share on Wednesday. CEO Lourenco Goncalves’ support for import tariffs drove the surge, as he believes they could benefit US steelmakers like CLF and make American manufacturing competitive again.

Goncalves emphasized the importance of domestic steel production, highlighting how major automakers use CLF steel. Despite CLF ranking 9th on Wednesday’s top performers list, some AI stocks may offer higher returns in a shorter timeframe. Investors seeking promising AI stocks at a discount can explore Insider Monkey’s report on the cheapest AI stock.



Read more at Yahoo Finance: Why Cleveland-Cliffs Inc. (CLF) Went Up On Wednesday?