Markets, Birmingham-area stocks ride positive wave

Markets, Birmingham-area stocks ride positive wave

Another good day on Wall Street translated into success for our Birmingham and Alabama Stock Report on Thursday.

On the heels of its historically successful Prime Day event, Amazon jumped 2.7%. It has several operations sites with thousands of employees across Alabama, including Bessemer, Huntsville, Madison, Mobile, Montgomery and Theodore.

Banks Synovus, PNC, Regions, Southern States and ServisFirst rose 2.1%, 2%, 1.9%, 1.7% and 1.6%, respectively.

Overall, Wall Street’s winning streak barreled into a fourth day Thursday following the latest signal that inflation is easing its chokehold on the economy.

The S&P 500 rose 37.88, or 0.8%, to 4,510.04 and its highest close since April 2022. The Dow Jones Industrial Average rose 47.71, or 0.1%, to 34,395.14, and the Nasdaq composite rallied 219.61, or 1.6%, to 14,138.57 as Big Tech stocks led the way.

Are we missing a publicly traded local or state company that should be on this list? Please pass along your suggestions to Lede producer Brent Conklin at [email protected].