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Tuesday, March 29, 2011

AK Steel (NYSE:AKS), Home Depot (NYSE:HD) Posting Gains Today

Shares of AK Steel (NYSE:AKS) and Home Depot (NYSE:HD) are up today, helping to balance the impact of the news Standard & Poor’s downgraded the credit ratings of Portugal and Greece.

AK Steel rose over 4 percent after SAC Capital Advisors LP reported a 4.8 percent stake in the company.

Home Depot was up over 2 percent on news the largest U.S. home-improvement retailer sold $2 billion in bonds to raise cash and finance buybacks.

Home Depot was trading at $37.45, gaining $0.80, or 2.18 percent, as of 1:00 PM EDT. AK Steel was at $16.34, rising $0.73, or 4.68 percent.

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