Stock Market Today, Jan. 21: Vale Jumps After Trading Volume Surges Well Above Average

Vale (NYSE:VALE), a global iron ore and nickel producer, closed Wednesday at $15.57, up 4.29%. The stock moved higher during a choppy recovery session as materials and mining names rebounded with Wall Street, and investors are watching how macro conditions and iron ore demand shape earnings power next.Trading volume reached 57.9 million shares, coming in about 74% above compared with its three-month average of 33.3 million shares. Vale IPO'd in 2002 and has grown 592% since going public. How the markets m ...