Banks pace gain party on Huntsville and Alabama Stock Report

Banks pace gain party on Huntsville and Alabama Stock Report

Nine stocks saw gains of at least 5% on Tuesday as our Huntsville and Alabama Stock Report mirrored a soaring Wall Street.

The banking sector peppered the top spots with Southern States leading the charge at +7.4%.

Headquartered in Anniston, Southern States Bancshares, Inc. is a bank-holding company that operates primarily through its wholly owned subsidiary, Southern States Bank. The bank is a full-service community banking institution that offers an array of deposit, loan and other banking-related products and services to businesses and individuals. The bank operates eight branches in Alabama (Anniston, Auburn, Birmingham, Huntsville, Opelika, Roanoke, Sylacauga and Wedowee) and five in Georgia, along with a loan production office in Atlanta.

Synovus (+6.9%), Regions (+6.2%) and PNC (+5.9%) also had solid days.

Overall, relief washed over Wall Street on Tuesday, and stocks leaped to one of their best days of the year following a surprisingly encouraging report on inflation.

The S&P 500 jumped 1.9% for its best day since April and hit a two-month high. The Dow Jones Industrial Average rallied 489 points, or 1.4%, while the Nasdaq composite charged 2.4% higher.