These 2 Unlikely Stocks Are Wednesday's Surprise Winners
The stock market has seen a lot of volatility recently, with a huge drop over the past month giving way to a multi-day bounce. Major market indexes largely took a pause on Wednesday morning, as investors tried to navigate all the crosscurrents that have hit the investing community so far in 2022. As of 11 a.m. ET, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 2 points to 35,408. The S&P 500 (SNPINDEX: ^GSPC) was up 17 points to 4,564, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had managed to score an 8-point gain to 14,354.
The relative calm in the market benchmarks hid some big moves among individual stocks. In particular, a couple of companies that don't generally get a lot of investor attention made substantial advances Wednesday morning. Below, we'll look more closely at why Brinker International (NYSE: EAT) and Allegheny Technologies (NYSE: ATI) were among the best-performing stocks in the market.
Shares of Brinker International moved higher by nearly 13% Wednesday morning. The company behind the popular Chili's fast-casual restaurant chain reported strong fiscal second-quarter financial results that showed shareholders what they wanted to see.
Source Fool.com
