Heavy decliners aplenty on Birmingham stock report

Heavy decliners aplenty on Birmingham stock report

After a minor reprieve Tuesday, the Birmingham and Alabama Stock Report fell back into its negative ways again on Wednesday. Only 10 stocks had gains.

Amazon and Community Health Systems led the decliners at -5.6% and -5.5%, respectively. Medical Properties Trust fell 5.1%.

Lockheed Martin and Target tied for top gainer at 1.5%.

Overall, Wall Street fell sharply Wednesday, dropping back to where it was in May, after rising bond yields tightened their chokehold and some of the market’s most influential companies turned in mixed profit reports.

The S&P 500 tumbled 1.4% for its eighth drop in the last 10 days. Some of the heaviest losses hit Big Tech stocks, which dragged the Nasdaq composite to its second-worst drop of the year so far, at 2.4%. The Dow Jones Industrial Average fell 105 points, or 0.3%.

Are we missing a publicly traded local or state company that should be on this list? Please pass along your suggestions to Lede producer Brent Conklin at [email protected].