How did Mobile-area stocks close the week?
Wall Street rallied Friday to get on the positive side but it was a mixed day on our Mobile and Alabama Stock Report.
The rollercoaster that is Enviva was the biggest gainer at 4.2%. Amazon and Synovus rose 3.1% and 2.6%, respectively.
U.S. Steel was at the bottom of the table, falling 1.4%. Weyerhaeuser dropped 1.3%.
Overall, Wall Street’s rally got back on track Friday following more encouraging profit reports and the latest signal that inflation is loosening its chokehold on the economy.
The S&P 500 rose 1% to its highest close in more than 15 months. The Dow Jones Industrial Average climbed 176 points, or 0.5% after breaking a 13-day winning streak the day before. The Nasdaq composite jumped 1.9% as Big Tech stocks led the market.
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].