Advertisement
Singapore markets closed
  • Straits Times Index

    3,224.01
    -27.70 (-0.85%)
     
  • S&P 500

    5,250.58
    +2.09 (+0.04%)
     
  • Dow

    39,758.57
    -1.51 (-0.00%)
     
  • Nasdaq

    16,389.45
    -10.07 (-0.06%)
     
  • Bitcoin USD

    71,105.66
    +2,006.73 (+2.90%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,959.84
    +27.86 (+0.35%)
     
  • Gold

    2,228.40
    +15.70 (+0.71%)
     
  • Crude Oil

    82.36
    +1.01 (+1.24%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • Nikkei

    40,168.07
    -594.66 (-1.46%)
     
  • Hang Seng

    16,541.42
    +148.58 (+0.91%)
     
  • FTSE Bursa Malaysia

    1,530.60
    -7.82 (-0.51%)
     
  • Jakarta Composite Index

    7,288.81
    -21.28 (-0.29%)
     
  • PSE Index

    6,903.53
    +5.36 (+0.08%)
     

Is the Sell-Off in US Steel Stocks Overdone?

Is the Sell-Off in US Steel Stocks Overdone?

US steel stocks, which have been subdued for the last few months, have seen fresh selling pressure this month. Earlier this week, Credit Suisse downgraded US steel stocks from “overweight” to “equal weight.” Several other brokerages have also taken a bearish view of US steel stocks.