This north Alabama stock soars 6.5%
Thursday’s Huntsville and Alabama Stock Report was highlighted by a big number at the top and a big number at the bottom.
Carpenter Technology led the charge with a 6.5% increase. It is a leading producer and distributor of premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels. The Philadelphia-based company has a major campus in Athens, Alabama, which is home to an advanced additive manufacturing facility and a research and development center.
At the opposite end was 3M, which fell 5.7%. The American conglomerate has major facilities in Decatur and Guin.
Overall, Wall Street churned to a mixed finish on Wednesday after a highly anticipated report showed inflation accelerated across the country last month, but not by much more than expected.
The S&P 500 edged up by 5.54 points, or 0.1%, to 4,467.44 after flipping between small gains and losses a few times through the day. The Dow Jones Industrial Average dropped 70.46 points, or 0.2%, to 34,575.53, and the Nasdaq composite rose 39.97, or 0.3%, to 13,813.59.
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].