These Birmingham stocks managed gains to end down week
Wall Street closed out a downer of week with more losses and so did our Birmingham and Alabama Stock Report. Still, a silver lining: there were more gains Friday than on Thursday.
Target and Community Health Systems led the drops at -4% and -3.5%, respectively. Close to home, Regions and Warrior Met Coal fell 2.1% and 1.3%, respectively.
First US Bancshares bucked the downward trend to lead the gainers at 2.6%. Other local gainers included U.S. Steel (2.5%), ProAssurance (1.3%) and Medical Properties Trust (.6%).
Overall, Wall Street wheezed to more losses Friday as it limped to the finish of its worst week in six months.
The S&P 500 slipped 9.94 points, or 0.2%, to 4,320.06 after a late-day swoon erased a modest gain it had held for most of the day. It capped an ugly slide caused by Wall Street’s growing understanding that interest rates likely won’t come down much anytime soon.
The Dow Jones Industrial Average fell 106.58 points, or 0.3%, to 33,963.84, and the Nasdaq composite dipped 12.18, or 0.1%, to 13,211.81.