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Stock Market Today, Oct. 19: Cleveland-Cliffs Surges on Stronger Q3 Results and Raised 2027 EBITDA Outlook

Cleveland-Cliffs (NYSE:CLF), a North American flat-rolled steel producer, closed at $14. 10, up 16. 34%. The stock rose after stronger third-quarter results and a higher EBITDA outlook. Investors are watching whether steel pricing and signed contracts can support the updated 2027 target. Trading volume reached 84. 1 million shares, coming in about 324% above its three-month average of 19. 9 million shares. The S&P 500 (SNPINDEX:^GSPC) rose 0. 42% to 7,691, while the Nasdaq Composite (NASDAQINDEX:^IXIC) advanced 1. 11% to 26,431.

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