Gerdau stock pops premarket as jobs-report shock ripples through steel names
Gerdau’s U.S.-listed shares rose about 2% in premarket trading Thursday after a surge in volume Wednesday. Investors weighed a surprise U.S. jobs report and major historical revisions that clouded interest-rate outlooks. Gerdau closed at $4.35 Wednesday, up 2.6%. Markets await Friday’s U.S. CPI and Gerdau’s Feb. 23 results.