Mobile and Alabama Stock Report a mixed bag

Mobile and Alabama Stock Report a mixed bag

Gainers overshadowed decliners Tuesday on our Mobile and Alabama Stock Report, but the figures were mostly on the moderate side across the board.

Community Health Systems was the main outlier with the biggest percentage increase at 6.5%. The Franklin, Tennessee-based, company has six locations in Alabama: Birmingham, Dothan, Enterprise, Foley, Gadsden and Huntsville.

Mobile-based Computer Programs and Systems led a small group of decliners at -1.2%.

Overall, Wall Street drifted to a mixed finish Tuesday following the latest signal that the U.S. economy remains solid, though perhaps too strong for the Federal Reserve’s liking.

The S&P 500 edged down by 0.43, which is well less than 0.1%, to 4,373.20 after flipping between small gains and losses through the day. The Dow Jones Industrial Average added 13.11 points, or less than 0.1%, to 33,997.65, and the Nasdaq composite fell 34.24, or 0.3%, to 13,533.75.

Financial markets have been shaky in recent weeks due to worries about war in the Middle East and its potential impact on oil prices. But those worries have receded a bit to put the focus back on what usually drives the stock market’s long-term movements: where interest rates, the economy and corporate profits are heading.