Stock market up, but Mobile and Alabama Stock Report mostly down
Declines dominated Tuesday’s Mobile and Alabama Stock Report, highlighted by a significant drop from a company with south Alabama ties.
Enviva shed 25 cents a share, or 5.7%, to drop to $4.10.
Mobile-based Computer Programs and Systems was next, dropping 3.2%.
On the plus side, Community Health Systems had a modest 3.2% gain.
Overall, U.S. stocks ticked higher Tuesday as Wall Street continues to absorb the big swings that have shaken financial markets recently.
The S&P 500 rose 12.40 points, or 0.3%, to 4,378.38, as gains for some Big Tech stocks helped offset losses for the majority of stocks in the index. It’s the second straight quiet day for the index after months of heavy losses swiveled sharply to a rally last week, its best of the year.