South Alabama stockâs drop highlights stock report
It was mostly an unexciting day Monday on our Mobile and Alabama Stock Report with the exception of one negative outlier.
At +2.6%, GE was the only stock that saw a gain bigger than .8%.
Enviva took the aforementioned biggest hit at -5.6%. The wood pellet manufacturer partially exports out of the Port of Mobile and has a major facility coming soon to Epes in Sumter County.
Overall, U.S. stocks drifted to a mixed finish Monday as Wall Street’s wild recent moves calmed a bit.
The S&P 500 added 7.64 points, or 0.2%, to 4,365.98, even though the majority of stocks within it and across Wall Street weakened. The index was coming off its best week of the year, which itself came on the heels of several months of sharp losses.
The Dow Jones Industrial Average rose 34.54, or 0.1%, to 34,095.86, and the Nasdaq composite gained 40.50, or 0.3%, to 13,518.78.