Markets pick up steam on Thursday. Did local companies follow suit?

Markets pick up steam on Thursday. Did local companies follow suit?

Stocks swept higher Thursday, revving the longest rally for Wall Street in a year and a half into a higher gear.

The S&P 500 rallied 1.2% to reach heights untouched since April 2022.

In stocks of local interest, Target, Adtran and Synovus Financial Corp., all enjoyed gains of more than 3% on Thursday.

Adtran, a Huntsville-based telecommunications equipment company, was up 3.4%to close at $10.91

Target’s rebound from its recent 52-week low continued with a 3.5% increase to close at $137.84.

And Synovus Financial Corp., which is based in Columbus, Ga., and operates with 32 branches in 20 different cities and towns in the state of Alabama, was up 3.2%, closing at $31.42.