Birmingham and Alabama Stock Report shows majority gains
Stocks of military contractors jumped Monday on rising tensions as Israel and Hamas waged war to highlight our Birmingham and Alabama Stock Report.
Lockheed Martin was the personification of that, rising 8.9%.
Warrior Met Coal was the other top gainer, rising 3%.
Overall, oil prices climbed Monday on worries about violence in the Middle East. The stock market was less fearful, though, and flipped from early losses to gains.
The S&P 500 rose 27.16, or 0.6%, following some potentially encouraging news on interest rates, which have been dragging Wall Street mainly lower since the summer.
The Dow Jones Industrial Average gained 197.07 points, or 0.6%, to 33,604.65, and the Nasdaq composite climbed 52.90, or 0.4%, to 13,484.24.