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 after more companies reported fatter profits than expected. The S&P 500 rose 1% Thursday. It got within 0.1% of its all-time