X - These 2 Stocks Could Reignite the Bull Market
2023-08-14 08:34:38 ET
The stock market has gotten stuck in a rut over the past couple of weeks, having fallen back slightly after a huge run higher throughout much of 2023. Even as the economy has held up well, concerns about persistent inflation and the future direction of interest rates have continued to weigh on investor sentiment.
Yet stock index futures pointed to a strong likelihood of at least a modest bounce higher Monday morning. In particular, a couple of stocks are drawing favorable attention from shareholders. Read on to learn more about what's happening with U.S. Steel (NYSE: X) and Monday.com (NASDAQ: MNDY) , and you'll find out whether they have prospects to lead the market higher in the days and weeks to come.
Shares of U.S. Steel jumped 27% in premarket trading Monday morning. The iconic steelmaker had a busy weekend, having received an acquisition offer but deciding to seek its own path forward.
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These 2 Stocks Could Reignite the Bull Market