Steel stocks on rise
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Shares of AK Steel and several other steel makers rose sharply Friday, despite a short trading day, on speculation that steel supplies in Japan are short.
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Wheeling-Pittsburgh Corp. raised net proceeds of roughly $100 million through a share sale completed this week, the company said. Wheeling-Pittsburgh, a steel maker, sold 3.65 million shares of common stock at $29 each.
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Stocks rose on Friday after news the  economy added more than twice the number of jobs expected last  month, sending the Standard & Poor's 500 index to its highest  in more than 2 1/2 years.
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Stocks rose on Wednesday, led by gains in energy and semi-conductor shares.
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Steelmaker reports big profits, disturbing trends.
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Tokyo shares rose on Wednesday after  unexpectedly strong Chinese growth data, released the day  before, helped Nippon Steel Corp. and other firms that do a lot  of business in the country.
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Stocks rose on Monday, boosted by takeover news and data that showed manufacturing growth quickened in June even as price pressures eased.
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THE Standard &amp; Poor&#39;s 500 Index rose as a government report showed factory orders for items such as computers and electronics climbed last month, suggesting strength in manufacturing.
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Japanese stocks rose by mid-afternoon on  Wednesday as favorable earnings lifted companies including  Mitsubishi Electric Corp. while steelmakers gained on  anticipation of a rise in steel sheet prices.
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Asian stocks in the shipping, steel and trading sectors bounced higher Friday after China said its economy expanded 9.1 percent in the year to the end of September.
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SEOUL: Shares in Posco hit a lifetime high early on Friday, after Japanese carmaker Nissan Motor sought more steel shipments from the worldâs fifth-largest steel maker.
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Japanese stocks rose Thursday after two days of declines as investors bought steel, auto and trading company shares.
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Stocks rose on Tuesday, with the Dow industrials leading the gains, amid speculation that aluminum maker Alcoa Inc.  may be the subject of international takeover bids.
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Oil and steel stocks helped boost European markets Thursday, with dealers reporting healthy trading volumes in some areas despite Wall Street's closure for the Thanksgiving holiday.
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U.S. stocks nudged higher in light  trading  on Thursday after data gave a mixed picture of the  U.S. economy, but steel shares fell as investors worried that  weaker demand from China could depress prices.
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Nucor Corp. NUE.N, one of the top  U.S. steelmakers, raised its quarterly profit forecast as much  as 44 percent on Thursday due to surging steel prices, sending  its shares to more than 20-year highs.
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European shares rose on Thursday with  steel and media stocks in the vanguard after a South Korean  steelmaker's profits more than doubled and Reuters said it  expects a three-year slide in revenue to ease.