Why Metals Stocks Alcoa, U.S. Steel, and ArcelorMittal Popped Friday
Metals-producing companies saw their stocks rebound on Friday from Thursday's sharp sell-off, with shares of steelmakers ArcelorMittal (NYSE: MT) rebounding to post an 8.4% gain, U.S. Steel (NYSE: X) rising 10.8%, and aluminum giant Alcoa (NYSE: AA) closing up 10.7%.
There was no news to explain the rebound, however. And no reason, either.
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Source Fool.com
