Birmingham and Alabama Stock Report full of banking declines

Birmingham and Alabama Stock Report full of banking declines

Several banks took big hits Monday on our Birmingham and Alabama Stock Report.

Five of the seven biggest losses were banks: ServisFirst (5.1%), Regions (5%), Synovus (3.6%), PNC (3.2%) and Southern States (2.1%).

Medical Properties Trust was in that mix, too, dropping 3.4%.

On the plus side, Vulcan Materials gained .9% and ProAssurance rose .7%.

Overall, Wall Street ticked lower Tuesday ahead of two potentially market-shaking events later in the week.

The S&P 500 slipped 12.22, or 0.3%, to 4,387.55 to give back some of its rare August gain from a day before, which was powered by Big Tech stocks. The Dow Jones Industrial Average fell 174.86 points, or 0.5%, to 34,288.83, and the Nasdaq composite edged up by 8.28, or 0.1%, to 13,505.87.