Coal Shares Rise After Supreme Court Strikes Down Mercury Rule

Bloomberg reported that coal shares rose after the U.S Supreme Court rejected the rule on mercury and acid gases from power plants.

As quoted in the market news,

Shares of coal miners soared after the 5-4 decision was announced Monday. Peabody Energy Corp., the largest coal supplier in the U.S., climbed 9.6 percent, Arch Coal Inc. jumped 4.5 percent and Alpha Natural Resources Inc. gained 8.6 percent.

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