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Mixed close on potential trade war

The markets closed mixed with the Dow slipping 5 points to 21,408 after European leaders at the G-20 summit said that if the United Staes imposed tariffs on steel imports, a trade war would ensue. Nasdaq gained 23 points to 6,176.


On the upside


Stifel cut its price target on CF Industries (NYSE: CF) from $31 to $28 but the stock price rose.


Rising silver prices lifted shares of Endeavour Silver (NYSE: AG) and First Majestic Silver (NYSE: EXK).


Scotiabank upgraded Potash of Saskatchewan (NYSE: POT) from a Sector Perform rating to a Sector Outperform rating.


On the downside


Shares of Macy's (NYSE: M) fell on news that discounts are impacting cosmetics counters which have traditionally been spared price reductions.


Dick's Sporting Goods (NYSE: DKS) announced a Cyber Monday sale today to compete against Amazon's (Nasdaq: AMZN) Prime Day.

Investors locked in profits on Zion Oil & Gas (Nasdaq: ZN).


In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE while decliners outpaced advancers by 3 to 2 on Nasdaq. The broader S&P 500 added 2 points to 2,427. Bitcoin rose $3 to $2336.


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