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Stock impact report

Stocks end higher after Trump orders tariffs that are less harsh than feared [Los Angeles Times (CA)]

Prudential Financial, Inc. (PRU) 
Last prudential financial, inc. earnings: 2/4 04:18 pm Check Earnings Report
US:NYSE Investor Relations: investor.prudential.com
Stocks end higher after Trump orders tariffs that are less harsh than feared After hours of indecisive trading, stocks finished with modest gains Thursday after President Trump formally ordered tariffs on steel and aluminum imports with terms that were less harsh than investors had feared. Stocks rallied after reports that Canada and Mexico will be exempted indefinitely from the tariffs and that other countries will be invited to negotiate for exemptions as well. Congressional Republicans and business leaders oppose the tariffs and have pushed for the Trump administration to take a more measured approach that would invite less backlash from other countries. "The president's tone was far more pragmatic," said Quincy Krosby, chief market strategist at Prudential Financial. "This certainly is not the strict tariff proposal that the president had suggested in the past couple of weeks." Healthcare companies rose after pharmacy benefits manager Express Scripts accepted a $52-billion offer f Show less Read more
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