Why Heavy Equipment Stocks Gained Ground Today
Investors need to remember there were questions about end markets even prior to the tariff announcements, and the shares could take time to fully recover. Over the weekend, the United States and China laid out the framework for a trade deal and suspended some of the most onerous tariffs imposed by the two countries. It isn't a done deal yet, but shares of heavy equipment companies that were facing a two-sided blow from the tariffs are rallying on the news.