SPDR S&P Metals and Mining ETF Price & Performance (XME)

Recent tariff threats by President Trump targeting Canadian steel and aluminum imports have caused significant market reactions. ETFs like SPDR S&P Metals & Mining (XME) surged 3%, while United States Steel Corp. shares climbed over 5%. However, industrial ETFs such as Industrial Select Sector SPDR Fund (XLI) faced declines, reflecting broader sector concerns.12

Intel Corp. shares experienced a 16% jump following the appointment of Lip-Bu Tan as its new CEO. This leadership change has fueled investor optimism, prompting Bank of America to raise its stock price target from $19 to $25. The tech-heavy Invesco QQQ Trust also felt the impact, declining 1.6% amid broader market turbulence.34

Gold prices reached an unprecedented $3,000 per ounce, marking its tenth positive week out of eleven. This milestone reflects growing inflation concerns, as the University of Michigan’s consumer sentiment index showed heightened inflation expectations. The SPDR Gold Trust ETF has outperformed major asset classes year-to-date.5