Banks pace gainers on Mobile and Alabama Stock Report

Banks pace gainers on Mobile and Alabama Stock Report

Wall Street was down, but there were more winners than losers Thursday on our Mobile and Alabama Stock Report.

A trio of banks were at the top: PNC (+2.8%), Synovus (+2.7%) and Regions (+2.6%).

ArcelorMittal picked up 1.3%, while Computer Programs and Systems rose .5%.

At the bottom, General Electric and Honda were each down 2.2%.

Overall, Wall Street tumbled Thursday, dropping nearly 10% below its high mark for the year, after big-name companies warned an uncertain global economy may hurt their profits.

The S&P 500 fell 1.2% for its ninth drop in 11 days and touched its lowest level in five months. Another steep fall for Big Tech dragged on the market, sending the Nasdaq composite to a market-leading loss of 1.8%, while the Dow Jones Industrial Average sank 251 points, or 0.8%.