Huntsville stock report closes month with even mix of gains, losses
Our Huntsville and Alabama Stock Report closed out a woeful September with a fairly even mixture of gainers and losers on Friday.
The biggest percentage on the board came on the positive side, with Community Health Systems gaining 5.5%. The Franklin, Tennessee-based, company has six locations in Alabama: Birmingham, Dothan, Enterprise, Foley, Gadsden and Huntsville.
Honda led the decliners at -3.4%.
Overall, Wall Street closed out its worst month and quarter of the year with more losses on Friday.
The S&P 500 slipped 0.3% after a gain from the morning withered, and the majority of stocks within the index sank. The Dow Jones Industrial Average fell 158 points, or 0.5%, and the Nasdaq composite edged higher by 0.1%.
Solid gains for stocks early on faded as pressure built from within the bond market. After easing earlier in the day on encouraging signals about inflation, Treasury yields got back to rising as the day progressed.