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5 Top Gainers for Friday: WeWork, Cleveland-Cliffs, American Express

WeWork, Cleveland-Cliffs, American Express, Phunware and Olin are five top gainers for Friday.

The Dow Jones Industrial Average closed at a record high for the first time since August in mixed trading Friday, as Federal Reserve Chairman Jerome Powell warned inflation pressures are likely to last well into next year.

Here are five top stock gainers for Friday:

1. WeWork | Increase 10.5%

Shares of WeWork  (WE) - Get WEWORK INC. Report surged as the shared office space company made its public debut through a $9 billion merger with BowX Acquisition. The shareholders of BowX Acquisition, a special purpose acquisition company, or SPAC, on Tuesday voted in favor of the deal.

2. Cleveland-Cliffs | Increase 12.7%

Cleveland-Cliffs  (CLF) - Get Cleveland-Cliffs Inc Report shares powered higher after the steelmaker posted stronger-than-expected third-quarter earnings and forecast higher steel selling prices for 2022. Revenue surged more than five-fold from last year to $6 billion, ahead of analysts' forecasts of a $5.64 billion tally.

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3. American Express | Increase 5.4%

American Express  (AXP) - Get American Express Company Report shares rose after the credit card giant beat Wall Street's third-quarter earnings expectations amid a post-pandemic boom that continues to drive consumers and businesses to pull out their green, gold and platinum plastic.

4. Phunware | Increase 471%

Shares of Phunware  (PHUN) - Get Phunware, Inc. Report jumped by as much as 15 times on speculation that the company was being tapped to build former President Donald Trump’s proposed social media platform. Digital World Acquisition  (DWAC) - Get Digital World Acquisition Corp. Report continued to surge following a merger with Trump Media & Technology Group.

5. Olin | Increase 9.4%

Olin  (OLN) - Get Olin Corporation Report shares jumped after the specialty chemicals company beat Wall Street's third-quarter earnings estimates. The company posted profit of $390.7 million or $2.38 a share, compared with a loss of $736.8 million or $4.67 a share, a year earlier. Analysts were expecting Olin to report earnings of $2.08 a share.