US Steel's (X) stock is 28% up pre-market on the $14.9B acquisition news. X stock returned 59.3% over 1yr, outperforming S&P 500 and materials sector ETFs.
U.S. stocks are poised to close their seventh consecutive week of gains, marking their longest winning streak since October 2017.
In Friday’s session, the S&P 500 index hovered around the flatline at 1 p.m. in New York, while the Nasdaq 100 rose by 0.4%, getting closer to retesting their all-time highs.