Stock Market Today, Feb. 11: Steelmaker Gerdau Jumps After Trading Volume Surges on U.S. Jobs Report

Group 1: Company Overview - Gerdau (NYSE:GGB) is a Brazilian multinational steel producer that closed at $4.35, up 2.59% on Wednesday [1] - The stock has increased by 1,370% since its IPO in 1999 [1] Group 2: Market Performance - Trading volume for Gerdau reached 63 million shares, which is approximately 286% above its three-month average of 16.3 million shares [1] - The broader U.S. markets finished little changed, with the S&P 500 unchanged at 6,941.5 and the Nasdaq Composite easing 0.16% to 23,066 [2] Group 3: Economic Indicators - The U.S. added 130,000 jobs in January, with unemployment falling to 4.3%, influencing expectations for Federal Reserve rate cuts [3] - A strong economy could lead to higher steel prices, providing a favorable environment for steelmakers like Gerdau in 2026 and beyond [4] - Gerdau's stock is trading near a 52-week high, having increased by 45% over the past six months [4]