Stock Market Update
20-Oct-25 12:00 ET
Major averges little changed from previous levels
Dow +337.24
at 46527.64,
Nasdaq +307.00
at 22987.00,
S&P +62.85
at 6726.85
[BRIEFING.COM] The major averages are little changed from previous levels, holding solid gains amid broad strength.
This morning's sole earnings reporter, Cleveland-Cliffs (CLF 16.55, +3.23, +24.25%), trades sharply higher despite delivering a mixed Q3 report.
The company's statement that Q3 marked a clear sign of demand recovery for U.S.-made automotive-grade steel was key. Management credited this rebound to the new trade environment implemented by the Trump Administration, which favors domestically produced steel. The company has recently secured growing, multi-year supply deals with all major automotive OEMs.
Additionally, Cleveland-Cliffs revealed that geological surveys at two of its sites (in Michigan and Minnesota) show promising signs of rare-earth mineralization. If confirmed, this could position the company as a strategic player in critical material independence—much like it has become in steel.
