To The Moon

On June 3, 2025, U.S. President Trump signed an executive order, announcing that starting from June 4, the tariffs on imported steel and aluminum would be increased from 25% to 50%, but the tariffs on steel and aluminum imported from the UK would still remain at 25%.

This policy is aimed at protecting the profit margins of the U.S. domestic steel and aluminum industries and stimulating investment in new production capacity.

Although the tariff policy may increase the cost of raw materials for U.S. manufacturing, the market expects that this policy will help boost the profits of domestic steel and aluminum producers, thereby driving up stock prices.

Despite the renewed escalation of trade tensions, the U.S. stock market continues to rise.

As of the close on Tuesday: $Dow Jones(.DJI)$ rose by 0.51%, closing at 42,519.64 points; $NASDAQ(.IXIC)$ rose by 0.81%, closing at 19,398.96 points; $S&P 500(.SPX)$ rose by 0.58%, closing at 5,970.37 points.

Most popular tech stocks rose: $NVIDIA(NVDA)$ increased by over 2%, with its market value reaching 344.58 billion,once again becoming the largest U.S. publicly traded company by market value. $Broadcom(AVGO)$ also reached a new all-time high in share price.

Steel stocks performance: $U.S. Steel(X)$ rose, while $Steel Dynamics(STLD)$ and $Nucor(NUE)$ both increased by more than 10%.

Data as of June 4th.

Data as of June 4th.

ETF performance: ETFs related to technology and steel also performed outstandingly. For example, $VanEck Semiconductor ETF(SMH)$ and $VanEck Steel ETF(SLX)$ both recorded significant gains.

Traditional auto stocks were hit: The automotive industry is highly competitive, and the market may be concerned about the transformation capabilities and future market share of traditional automakers. Auto stocks fell due to the impact of tariffs. $Ford(F)$ $General Motors(GM)$ $Stellantis NV(STLA)$