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Joseph Galimberti, president of the Canadian Steel Producers Association, took a similar stance: “Canadian steel producers are hopeful that a 232 exclusion for NAFTA countries will be possible as part of a final trilateral agreement.” Section 232 of the Trade Expansion Act of 1962 allows the president to impose tariffs on imports deemed a threat to national security. U.S. importers and manufacturers also want the tariffs to go away but oppose replacing them with quotas. “We believe that quotas on aluminum and steel will undermine the competitiveness of equipment manufacturers in the United States and jeopardize the benefits of free and fair trade,” said Kip Eideberg, vice president of public affairs and advocacy at the Association of Equipment Manufacturers.

NEW YORK (Reuters) - With Tesla Inc’s (TSLA.O) shares briefly dipping below the $300 level on Thursday, the game of thrones lannister necktie gift set cufflinks electric carmaker ceded its seat as the most shorted U.S, stock to Amazon.com Inc (AMZN.O), according to data from financial technology and analytics firm S3 Partners, Tesla short interest in dollars, calculated using the number of shares sold short and the share price, stood at $9.93 billion, on Thursday, just shy of $9.95 billion for Amazon, S3 Partners data showed, Analysts said investors were still shorting Tesla shares, or taking positions that amounted to bets the stock would keep declining, Short-sellers aim to profit by selling borrowed shares, hoping to buy them back later at a lower price..

“While there was some short covering the week after the tweet, there has still not been any significant net Tesla short covering on the Street,” said Ihor Dusaniwsky, head of research at S3 in New York. “Any traders who have closed down their positions to realize some profits have been replaced by new ones looking for continued price weakness,” he said. Tesla shares whipsawed this month after Chief Executive Elon Musk on Aug. 7 tweeted he planned to take the company private, only to abandon the idea by Aug. 24.

Tesla closed down game of thrones lannister necktie gift set cufflinks 0.6 percent at $303.15, on Thursday, The stock drifted as low as $288.20 in intra-day trade as recently as Aug, 20, but it has not closed below $300 since July 31, Tesla rose as high as $387.46 following Musk’s initial tweet about the going-private plan, Since the Aug, 7 tweet, the dollar amount of Tesla shares sold short has dropped by 16 percent, while that for Amazon has climbed by 32 percent, S3 Partners data showed, Amazon shares rose above $2,000 for the first time on Thursday and the company is just shy of a $1 trillion market capitalization..

S3’s Dusaniwsky, however, said that with Tesla shares near the $300 level, the company could reclaim top spot for the most shorted U.S. stock, where it had stood since early May. “A $300 Tesla price may be a signal of increased short selling since when Tesla’s stock price dipped below $300 per share in March, shares shorted climbed from 30.0 million to 41.6 million in just over two months,” said Dusaniwsky. Apple Inc (AAPL.O), Alphabet Inc (GOOGL.O), Netflix (NFLX.O), Microsoft (MSFT.O) and Facebook Inc (FB.O), are some other top shorted U.S. stocks, as some investors have bet the high-flying technology names are due for a pullback.

(Reuters) - Wall Street extended its rally on Wednesday, with the S&P 500 and the Nasdaq hitting record highs for the fourth straight session as technology companies pushed indexes higher and promising trade negotiations stoked investor sentiment, Apple Inc (AAPL.O) led the technology sector’s advance, and the iPhone maker’s shares hit an all-time closing high at game of thrones lannister necktie gift set cufflinks $222.98, The FAANG group of momentum stocks also got a boost from Morgan Stanley’s price target increases for Amazon.com (AMZN.O) and Alphabet Inc (GOOGL.O)..

Amazon’s stock gained 3.4 percent, leading the consumer discretionary sector’s .SPLRCD advance, as the company edged closer to becoming the second U.S. company, after Apple, to reach $1 trillion in market value. The remaining FAANG stocks, Facebook Inc (FB.O) and Netflix Inc (NFLX.O), closed slightly lower. Canada appeared to be taking a more conciliatory approach to its ongoing talks with the United States aimed at salvaging the trilateral North American Free Trade Agreement (NAFTA), days after Washington said it had struck a deal with Mexico.

“The trade situation is adding to the rally as opposed to being a headwind as it’s been for the past couple of months,” said Bucky Hellwig, senior vice game of thrones lannister necktie gift set cufflinks president at BB&T Wealth Management in Birmingham, Alabama, As the summer nears its end, light trading volume that sometimes plagues the market seems to have worked in its favor, “Historically, light volume in August has generally contributed to a weak month in terms of performance,” Hellwig said, “But favorable fundamentals in the last couple of weeks have reversed that pattern.”..

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