This south Alabama stock leads Mobile and Alabama Stock Report
The number of gainers Thursday on our Mobile and Alabama Stock Report narrowly beat out the number of decliners, and a stock of local interest led the way.
ArcelorMittal paced the gainers, rising 2.9%. The Luxembourg-based steel manufacturing corporation has a steel processing plant — a 50/50 joint venture with Nippon Steel Corp. — in Calvert, Alabama.
Mobile-based Computer Programs and Systems picked up 1.1%.
Overall, Wall Street ticked higher Thursday to trim its sharp loss for September after pressure squeezing it from the oil and bond markets relaxed a bit.
The S&P 500 rose 25.19, or 0.6%, to 4,299.70. The Dow Jones Industrial Average added 116.07 points, or 0.3%, to 33,666.34, and the Nasdaq composite gained 108.43, or 0.8%, to 13,201.28.
A drop in oil prices took some heat off the stock market, a day after crude reached its highest price of the year. Treasury yields also relaxed to give the stock market more of a breather, particularly Big Tech companies.