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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.

Dow closes up 1,160 points as US and China agree to slash tariffs

U.S. stocks closed significantly higher on Monday in the first trading session after the U.S. and China announced an agreement to slash tariffs for 90 days as the world’s two largest economies negotiate a wider trade deal. The U.S. agreed to cut tariffs on Chinese goods from 145% to 30%, while China committed to reduce tariffs on U.S. products from 125% to 10%.

Sen. Paul points to business-sector resistance to Trump's tariffs in solidly red Kentucky

In solidly Republican Kentucky, resistance to President Donald Trump's trade wars has sprung up from a cross-section of key business sectors, GOP Sen. Rand Paul said Monday. Paul said he's heard concerns from agriculture, the auto sector, bourbon production, home building and package shipping in response to Trump's aggressive use of tariffs. Paul — among the few GOP senators willing to challenge Trump on tariffs — met with a group of Louisville business leaders on Monday.

Oil Leads Commodity Rally After US-China Truce as Gold Retreats

(Bloomberg) -- Oil and most other commodities powered higher, while gold fell, after China and the US ratcheted down trade tensions that had threatened to slash demand for raw materials. Most Read from BloombergA New Central Park Amenity, Tailored to Its East Harlem NeighborsAs Trump Reshapes Housing Policy, Renters Face Rollback of RightsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?NYC Warns of 17% Drop in Foreign Tourists Due to Trump PoliciesLA Mayor Credits Trump on