Huntsville, Alabama stocks end week with more declines
Wall Street closed out a downer of week with more losses and so did our Huntsville and Alabama Stock Report. Still, a silver lining: there were more gains Friday than on Thursday.
Target, Tyson and Community Health Systems led the drops at -4%, -3.6% and -3.5%, respectively. Close to home, Science Applications International and Hexcel fell 1% and .9%, respectively.
Steelcase bucked the downward trend to lead the gainers at 2.7%. U.S. Steel was close by with a 2.5% pickup. Adtran rose 1.8%.
Overall, Wall Street wheezed to more losses Friday as it limped to the finish of its worst week in six months.
The S&P 500 slipped 9.94 points, or 0.2%, to 4,320.06 after a late-day swoon erased a modest gain it had held for most of the day. It capped an ugly slide caused by Wall Street’s growing understanding that interest rates likely won’t come down much anytime soon.
The Dow Jones Industrial Average fell 106.58 points, or 0.3%, to 33,963.84, and the Nasdaq composite dipped 12.18, or 0.1%, to 13,211.81.