Wall Street rallies, Huntsville stocks gain
A good day on Wall Street amounted to several decent gains at the top of our Huntsville and Alabama Stock Report.
Louisiana-Pacific led the way with a 3.7% gain. The Nashville-based company operates more than 20 manufacturing facilities across North and South America, including two in Alabama – one in Hanceville and one in Thomasville.
Other decent gainers included Community Health Systems (2.2%) and Science Applications International Corporation (1.8%).
According to its website, “SAIC is a premier Fortune 500 technology integrator driving our nation’s digital transformation.” Its “robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in engineering, IT modernization and mission solutions.” It has five locations in Huntsville.
Overall, Wall Street rallied to its best day since June on Wednesday after pressure that’s built up on stocks from the bond market relaxed a bit.
The S&P 500 climbed 1.1% to trim its loss for what’s been a dismal August so far. The Dow Jones Industrial Average rose 184 points, or 0.5%, and the Nasdaq composite jumped 1.6%.