CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010
Brendan McDermid | Reuters
Check out the companies making headlines in midday trading.
U.S. Steel — U.S. Steel shares popped more than 9% after the company reported a smaller-than-expected loss for its fiscal third quarter. U.S. Steel posted a loss of $1.45 per share. Analysts polled by FactSet expected a loss of $1.52 per share. CEO David Burritt said “improving market conditions experienced in June and July have accelerated through August and September.”
Unity Software — Shares of Unity Software soared more than 36% on its first day of trading. The software company — which trades on the Nasdaq under ticker “U” — is trading above $70 per share, above its IPO price of $52 per share. Unity follows the market debut of software storage company Snowflake