Indexes closed near session highs Thursday, despite a White House announcement of new actions on import tariffs. Companies in the IBD 50 outperformed the major averages, a bullish signal for growth investors.

President Trump has announced that he would implement tariffs of 25 percent on all steel and aluminum imports to the U.S.

U.S. stocks rallied to the brink of a record Thursday after more companies reported fatter profits than expected. Wall Street mostly yawned, again, at the latest announcement on tariffs by President Donald Trump,

Markets took a sharp downward turn on Wall Street after U.S. government data Wednesday showed that inflation accelerated last month.