Steel Dynamics shares fell 5.5% to $231.75 after the steelmaker posted third-quarter profits that trailed consensus analyst estimates. The downward momentum extended to Crown Holdings, which saw its stock drop 4.5% to $109.76 following fourth-quarter earnings guidance that also missed market expectations.
In section Market Quotes
Steel Dynamics and Crown Holdings Slide Following Quarterly Misses
Disappointing earnings reports triggered after-hours volatility for industrial and packaging stocks on Monday, while strategic maneuvers at 3M and Tradeweb Markets drove gains for their respective shareholders as investors reacted to the latest round of corporate disclosures.
Conversely, 3M shares climbed 5.4% to $170.77 after the company granted Amazon a warrant to purchase 3.2 million shares, cementing an expanded commercial partnership. Tradeweb Markets also saw positive movement, with shares rising 2.9% to $117.99 following the announcement of a $1.97 billion agreement to acquire Trumid.
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