Altria Gets a Reprieve, but This Stock's the Real Wednesday Winner
Stock market investors seemed calm on Wednesday morning, with worries about economic slowdowns and a potential recession failing to hold back stocks from posting very small gains. As of just before 9 a.m. ET, futures contracts on the Dow Jones Industrial Average (DJINDICES: ^DJI) had risen 18 points to 30,954. S&P 500 (SNPINDEX: ^GSPC) futures had inched higher by 2 points to 3,836, and Nasdaq Composite (NASDAQINDEX: ^IXIC) futures had climbed 9 points to 11,817.
Earnings season is about a week away, but companies are still making news in other ways that are resulting in higher stock prices. One well-known business seeing gains early Wednesday was Altria Group (NYSE: MO), which managed to stave off a painful hit at least temporarily. However, a different stock in the natural resources area saw much larger gains in premarket trading. Below, you'll learn which stock that was, but first, here's what Altria is celebrating.
Shares of Altria Group were up more than 2% in Wednesday's premarket session. The cigarette giant got good news about a key investment, although it's unclear whether the long-term prospects will get any lasting boost.
Source Fool.com
