Wall Street, Huntsville-area stocks show well
Synovus Financial Corp. led the way on our list on a positive day for Wall Street.
Up 3.4% Thursday, the Columbus, Ga.-based banking company operates with 32 branches in 20 different cities and towns in the state of Alabama.
Carpenter Technology Corporation saw a 2.9% boost. It is a leading producer and distributor of premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels. The Philadelphia-based company has a major campus in Athens, Alabama, which is home to an advanced additive manufacturing facility, and a research and development center.
Sanmina Corporation was up 2%. It is a leading integrated manufacturing solutions company with a pair of locations in Huntsville. Its Huntsville Medical Product Design organization develops a broad range of products with a specialty in medical devices and medical electronics for many of the world’s leading Original Equipment Manufacturers (OEMs). Meanwhile, its 260,000-square-foot Huntsville operation is also Sanmina’s premier medical facility in North America, providing PCBA and systems assembly for medical, industrial, commercial and automotive markets.
Overall, most stocks ticked higher on Wall Street Thursday following the latest signs that the U.S. economy remains stronger than feared.
The S&P 500 rose 19.58 points, or 0.4%, to 4,396.44 and is on track for its sixth winning week in the last seven. The Dow Jones Industrial Average gained 269.76, or 0.8%, to 34,122.42, while the Nasdaq composite edged down by 0.42, or less than 0.1%, to 13,591.33.