Wall Street: Reliance Steel & Aluminum Co. (RS:NYQ) shares fall on July 18

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Shares in Reliance Steel & Aluminum Co. (RS:NYQ) finished July 18 at $175.34 USD.

This is a 0.63 percent fall from the day before when it closed at $176.46.

On July 18, Reliance Steel & Aluminum Co. (RS:NYQ) shares reached a high of $181.08 and a low of $174.65 during trading.

Reliance Steel & Aluminum Co. has reported net income of $1.67 billion and employs 13,700 workers.

Despite a tumultuous year with the COVID-19 pandemic, the US stock market overall remained strong in 2021.

Tony Despirito at investment firm BlackRock said the U.S. stock market overall remained strong, despite the tumultuous years during the COVID-19 pandemic. “Overall, companies... beat analyst expectations on both earnings per share and revenue growth. But the latter [was] particularly strong.”

Unfortunately, 2022 proved to be a devastating year for the U.S. stock market. “This [was] an absolutely shocking year with no place to hide,” Aoifinn Devitt, Moneta's chief investment officer, said.

Rate hikes to mitigate the effects of inflation, as well as global issues related to war and the pandemic, were blamed for the downturn in the U.S. stock market and economy.

Nothing in this article is to be assumed as financial advice.

Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.

Share price of Reliance Steel & Aluminum Co. stocks on July 18

Name of CompanyPrice at End of DayPrice Day Before
Reliance Steel & Aluminum Co.$175.34$176.46

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