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Why Did US Steel Plunge 11.39% After Trump's Remarks?
Generated by AI AgentAinvest Movers Radar
Thursday, Apr 10, 2025 6:47 am ET1min read
On April 10, 2025,
experienced a significant drop of 11.39% in pre-market trading.President Donald Trump's recent comments have had a substantial impact on United States Steel's stock price. Trump's remarks, which emphasized the importance of keeping the steelmaker under American ownership, have led to a significant decline in the company's shares. This sentiment was echoed in various news outlets, where analysts predicted a potential downside for US Steel following Trump's statements.
Trump's opposition to the potential acquisition of US Steel by Nippon Steel has been a key factor in the stock's recent volatility. The president's comments, which indicated his desire to keep US Steel an American company, have caused the stock to plummet in after-hours trading. This has led to a significant drop in the company's share price, with some reports indicating a decline of as much as 16% in post-market trading.
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