Positive day for Wall Street, but Mobile-area stocks see declines
Our Mobile and Alabama Stock Report kicked off the week on a positive note.
A trio of big companies led a large group of gainers on Monday: Amazon (+3.9%), GE (+3.3%) and AT&T (+3%).
Enviva and ArcelorMittal were among a group of six decliners, falling 4.6% and 3%, respectively.
Overall, Wall Street clawed back some of its sharp recent losses Monday, ahead of a week that could see more big swings in financial markets.
Investors are looking forward to key reports on consumer confidence and the U.S. job market. The Federal Reserve announces its next move on interest rates Wednesday.
The S&P 500 rose 49.45 points, or 1.2%, to close at 4,166.82. It was the first trading after the benchmark index dropped more than 10% below its high point for the year.