Decliners reign on Huntsville and Alabama Stock Report
Decliners overwhelmed advancers by a nearly 2-to-1 clip as the Huntsville and Alabama Stock Report underwhelmed on Monday.
Target and Synovus were the two biggest downers, falling 3% and 2.3%, respectively.
The plus side wasn’t without a few good pickups.
Encompass Health and Northrop Grumman each rose 1.6%. Carpenter Technology was up 1%. Hexcel gained .7%.
Overall, U.S. stocks drifted in quiet trading Monday, as Wall Street made few big moves overall in advance of the Federal Reserve’s next meeting on interest rates.
The S&P 500 edged up by 3.21 points, or 0.1%, to 4,453.53, coming off its second straight losing week. The Dow Jones Industrial Average rose 6.06, or less than 0.1%, to 34,624,30, and the Nasdaq composite added 1.90, or less than 0.1%, to 13,710.24.