Stock Market Today, Feb. 11: Steelmaker Gerdau Jumps After Trading Volume Surges on U.S. Jobs Report
2026-02-11 17:27:54 ET
Gerdau (NYSE:GGB) , a Brazilian multinational steel producer, closed Wednesday at $4.35, up 2.59%. The stock moved as investors reacted to a mixed U.S. jobs report that shaped expectations for Federal Reserve rate cuts, and they are watching how shifting growth and rate views feed through to global steel demand and pricing.
Trading volume reached 63 million shares, coming in about 286% above its three-month average of 16.3 million shares. Gerdau IPO'd in 1999 and has grown 1,370% since going public.
The broader U.S. markets finished little changed Wednesday, with the S&P 500 (SNPINDEX:^GSPC) unchanged at 6,941.5 and the Nasdaq Composite (NASDAQINDEX:^IXIC) easing 0.16% to 23,066. Within the steel industry, peers Nucor (NYSE:NUE) closed at $194.42, up 1.27%, and Steel Dynamics (NASDAQ:STLD) ended at $205.78, gaining 2.32%, as cyclicals tracked macro headlines.
All eyes were on the January jobs report this morning and how that might influence upcoming Federal Reserve rate-cut decisions. Stocks in cyclical sectors like steel pushed higher on the strong report.
NASDAQ: GGB
GGB Trading
-0.03% G/L:
$3.409 Last:
12,265,515 Volume:
$3.36 Open:
