Cleveland-Cliffs Stock Rises. But Not Because It Beat Earnings.

2 years ago 240

Stock successful steelmaker Cleveland-Cliffs was rising aft the institution reported better-than-expected third-quarter numbers. Earnings, however, aren’t what investors volition absorption on. Cliffs’ outlook for alloy pricing was encouraging.

Cleveland-Cliffs (ticker: CLF) banal roseate astir 4.4% successful premarket trading. S&P 500 and Dow Jones Industrial Average futures were up astir 0.1% and 0.2%, respectively.