Big losses highlight Birmingham and Alabama Stock Report
A handful of chunky declines were the story of Thursday’s Birmingham and Alabama Stock Report.
Vulcan Materials dropped more than $9, or 4.1%, to pace the decliners.
Community Health Systems was next with a drop of 3.2%. Others with a greater than 2% loss included Boeing (2.4%), GE (2.3%) and Encompass Health (2.1%).
The biggest gain went to Birmingham-based Medical Properties Trust at 1.5%.
Overall, Wall Street fell for a third straight day Thursday as rising yields in the bond market keep cranking up the pressure.
The S&P 500 sank 33.97, or 0.8%, to 4,370.36, and August is on track to be its worst month of the year by far. The Dow Jones Industrial Average dropped 290.91 points, or 0.8%, to 34,474.83, and the Nasdaq composite fell 157.70, or 1.2%, to 13,316.93.