MasTec is trading 5% up now at $271.60 as investors continue reassessing the July 30 second-quarter results, including a record $21.4 billion backlog and stronger full-year outlook.
- The move extends the rebound from the July 31 selloff.
- August 7’s softer jobs report is supporting growth stocks through lower yields and increased Federal Reserve rate-cut expectations.
- Trading activity appears elevated amid recent volatility, while the Nasdaq is up 0.85%.