Huntsville stocks follow market’s positive lead

Huntsville stocks follow market’s positive lead

It was a mostly positive day on our Huntsville and Alabama Stock Report on Monday as all but three stocks saw gains.

Steelcase was the biggest gainer at 2.8%. The Grand Rapids, Michigan-based office furniture-maker has its biggest plant in Athens, where it employs nearly 800.

Honda and Southern States Bancshares were next with 2.4% pickups. Synovus rounded out the greater-than-2% crowd with a rise of 2.3%.

North Alabama notables Carpenter Technology and Sanmina were not too far behind, posting gains of 1.9% and 1.8%, respectively.

Overall, stocks rose broadly on Wall Street Monday as markets shift their attention from the Federal Reserve to more corporate and economic reports.

The gains extended the broader market’s winning streak after it notched its first weekly gain since July. The S&P 500 rose 27.60 points, or 0.6%, to 4,433.31. The benchmark index is still on track to close out August with a loss.