Birmingham stocks show minor gains

Birmingham stocks show minor gains

A few stocks of local interest saw modest gains Monday on our Birmingham and Alabama Stock Report.

ServisFirst rose 1.4%, Encompass Health gained .9%, and Nucor lifted .2%.

Most stocks, however, saw declines, led by Medical Properties Trust at -3.8%.

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.