Many declines but some local gains on Huntsville stock report
A handful of stocks of local interest saw respectable gains Monday on our Huntsville and Alabama Stock Report.
Boeing led the way at +4%. Carpenter Technology rose 2.5%. Science Applications International lifted 1.3%. Hexcel jumped 1.1%.
Most stocks, however, saw declines, led by Tyson at -2.8%.
Overall, Wall Street drifted through a mixed Monday to open a week that could bring more action to financial markets, with several big reports on the calendar.
The S&P 500 slipped 3.69 points, or 0.1%, to 4,411.55. The Dow Jones Industrial Average gained 54.77, or 0.2%, to 34,337.87, and the Nasdaq composite fell 30.36, or 0.2%, to 13,767.74.
The market was coming off a week with relatively few reports to give hints on Wall Street’s central questions: When will the Federal Reserve halt its hikes to interest rates and begin cutting them, and can the economy stay as resilient as it has? But this week will offer more, including the latest monthly update on inflation and earnings reports from some of the nation’s biggest retailers.