Biden’s tariffs on Chinese imports are boosting these beaten-down stocks

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US tariffs on a range of imports from steel and aluminum, electric vehicles and solar cells have given a lift to clean energy stocks.

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. It’s not just meme stocks that saw a resurgence this week. Beaten-down clean energy stocks have rallied this week. The iShares Global Clean Energy exchange-traded fund, which tracks sectors from renewable electricity to semiconductors to solar energy, has gained roughly 3%.

Dow briefly tops 40,000 for first time but ends the day lower The Dow Jones Industrial Average broke past the 40,000 threshold Thursday for the first time ever, fueled by an encouraging inflation report, reports my colleague Nicole Goodkind. The blue-chip index briefly crossed the key threshold in morning trading before falling back below the line in the afternoon to close at 39,869, down 38 points, or 0.1%. All three major indexes closed lower on Thursday. The S&P 500 ended the day down 0.

 

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