Mobile and Alabama Stock Report sees decent gains

Mobile and Alabama Stock Report sees decent gains

A good day on Wall Street amounted to several decent gains for notable state stocks Wednesday at the top of our Mobile and Alabama Stock Report.

Louisiana-Pacific led the way with a 3.7% gain. The Nashville-based company operates more than 20 manufacturing facilities across North and South America, including two in Alabama – one in Hanceville and one in Thomasville.

Other decent gainers included Honda (2.3%) and Community Health Systems (2.2%).

U.S. Steel was at the bottom of the list, dropping 2.2%.

Overall, Wall Street rallied to its best day since June on Wednesday after pressure that’s built up on stocks from the bond market relaxed a bit.

The S&P 500 climbed 1.1% to trim its loss for what’s been a dismal August so far. The Dow Jones Industrial Average rose 184 points, or 0.5%, and the Nasdaq composite jumped 1.6%.