Shares of steel companies surged Thursday after several reported earnings beats.

Nucor (NUE) and Steel Dynamics (STLD) crushed Q2 earnings estimates, posting record quarterly earnings. While both steelmakers indicated softer results in the quarter ahead, Nucor said it still expects a record profit for the full year, amid resilient demand. NUE shares surged 6.8% Thursday while STLD gained 1.6%.

Alcoa (AA) posted a solid beat and set a new $500-million buyback. However, cost issues and supply curbs continue to make for a "volatile year," the aluminum giant said.

AT&T plunged 7.9% after it reported better than expected Q2 results, but lowered its full year free cash flow guidance.

source:https://www.investors.com/market-trend/stock-market-today/stock-market-mixed-on-higher-jobless-claims-tesla-and-airlines-lead-action/

[url="https://passfolio.com/join?u=olatoyea"]INVEST IN AMERICAN COMPANIES WITH PASSFOLIO[/url]