Declines aplenty, but this stock with north Alabama ties sees rise

Declines aplenty, but this stock with north Alabama ties sees rise

Myriad stocks on our Huntsville and Alabama Stock Report took a beating on Tuesday as the markets tumbled. One stock with north Alabama ties, however, made a decent gain.

Adtran and Constellium led the decliners, falling 5% and 4%, respectively.

Carpenter Technology shed 3.1%.

Hexcel was one of the top gainers, picking up 1.9%. The Connecticut-based company is a leading supplier of carbon fiber, honeycomb and other composite materials for the commercial aerospace industry. Its Decatur plant, established in 1989, produces polyacrylonitrile, or PAN, a precursor of carbon fiber.

Overall, Wall Street fell sharply Tuesday as it focused on the downside of a surprisingly strong job market.

The S&P 500 dropped 1.4% to its lowest point in four months. The Dow Jones Industrial Average tumbled 430 points, or 1.3% and wiped out the last of its gains made for the year so far. Some of the heaviest losses came from Big Tech stocks, which sent the Nasdaq composite to a market-leading loss of 1.9%.