South Alabama, state stocks see some positives
Our Mobile and Alabama Stock Report was refreshingly positive after a long spell of down days.
Enviva was the leader of the pack, gaining 5%. Jacobs Solutions netted a 3.7% increase to draw close to a 52-week high. Computer Programs and Systems was up 1.6%.
ConAgra was the biggest decliner at -1.7%.
Overall, Wall Street yo-yoed to a mixed finish Wednesday after rising oil prices and bond yields cranked up the pressure even higher on the stock market.
After taking several U-turns through the day, the S&P 500 inched up by 0.98, or less than 0.1%, to 4,274.51 and remains near its lowest level since June. The Dow Jones Industrial Average slipped 68.61 points, or 0.2%, to 33,550.27 after earlier bouncing between a gain of 112 points and a loss of 312. The Nasdaq composite rose 29.24, or 0.2%, to 13,092.85.
September is on track to be the S&P 500′s worst month of the year as the stock market tries to absorb a leap by Treasury yields to heights unseen in more than a decade. High yields mean bonds are paying more in interest, which makes investors less willing to pay high prices for stocks and other riskier investments.