Losses outpace gains on Mobile and Alabama Stock Report

Losses outpace gains on Mobile and Alabama Stock Report

Some stocks on our Mobile and Alabama Stock Report took it on the chin again on Thursday but there were some bright spots across the state.

Pacing the downers were Community Health Systems (-5.7%), Computer Programs and Systems (-4.6%), Synovus (-3%) and ArcelorMittal (-2.6%).

Leading a pack of 10 gainers was WestRock at 4.2%. The second-largest American packaging company is based in Atlanta. It has eight sites across the state, including Huntsville, Athens, Stevenson and Cullman in north Alabama to Eutaw, Lanett, Demopolis and Montgomery in central Alabama.

Overall, Wall Street slipped in mixed trading Thursday as the threat of high interest rates continues to dog Big Tech stocks.

The S&P 500 fell 14.34, or 0.3%, to 4,451.14 for its third straight loss. The Nasdaq composite was hit particularly hard by the drop for tech stocks, and it sank 123.64, or 0.9%, to 13,748.83.

The Dow Jones Industrial Average held up better than the rest of the market because it has less of an emphasis on tech, and it rose 57.54 points, or 0.2%, to 34,500.73.