Huntsville stock leads bevy of gainers
A Huntsville-based telecommunications equipment company led the gainers Monday on a mostly positive day on our Huntsville and Alabama Stock Report.
Adtran soared 5.6%, or 41 cents, to close at $7.71 a share.
Louisiana-Pacific and Regions also had good days with gains of 4.1% and 3.2%, respectively.
Overall, U.S. stocks rallied Monday as some of last week’s moves in financial markets driven by worries about war in the Middle East unwound.
The S&P 500 rose 1.1% for its best day since the Oct. 7 surprise attack on Israel by Hamas. The Dow Jones Industrial Average gained 314 points, or 0.9%, and the Nasdaq composite jumped 1.2%.
Treasury yields also climbed after falling last week on worries that fighting in Gaza will escalate. Oil prices dropped after a shaky week spurred by worries about disruptions to supplies from Iran because of the war. And the price of gold slipped as last week’s flight toward safer investments waned.