Markets down, but this pair of Birmingham-area stocks gained ground

Most stocks on the Birmingham and Alabama Stock Report experienced losses, with Community Health Systems and ServisFirst Bancshares being the hardest hit, while Warrior Met Coal and U.S. Steel were among the few gainers; major stock indexes on Wall Street also closed lower.

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Relevant topic timeline:

8/31/2023

“September Effect”: Are Stock Markets Doomed to Fall? - TipRanks.com

Stocks have historically performed poorly in September, with an average loss of 1.12%, but investors should not base their decisions solely on this statistical trend and should focus on buying fundamentally strong companies at reasonable prices.

9/5/2023

Stock Market Can't Get Out Of Rut; AI-Based Software Stock Rises Ahead Of Earnings

Stock market indexes experienced losses as small caps led the selling, while oil stocks rose due to Saudi Arabia and Russia extending their oil production cuts, and other notable stock movements included PulteGroup and Airbnb surging, Blackstone being added to the S&P 500, Brady stock surging after better-than-expected earnings, and Sprinklr, Tesla, America's Car-Mart, NextGen Healthcare, Oracle, Li Auto, and Trip.com experiencing various ups and downs.

9/6/2023

Stock market today: Wall Street loses ground as weak stretch continues

Stocks fell in morning trading on Wall Street, with the S&P 500 down 0.7%, as big technology stocks and healthcare stocks experienced losses, while several companies made significant moves after reporting earnings and other updates.

9/11/2023

Stocks Rebound after Tech Leads First Losing Week in 3; Focus Turns to Key Inflation Data

U.S stocks are recovering from losses, with the S&P 500 and Dow Jones Industrial Average both up 0.4%, as tech stocks lead the market higher and investors await key data on inflation this week.

9/13/2023

Stocks Mixed as Inflation Data Tempers Market; J.B. Hunt Rises on Shipping Outlook While 3M, Airlines Fall

U.S. equities closed with mixed results as core inflation was higher than expected, J.B. Hunt shares rose due to an optimistic outlook for the freight shipping industry, and 3M shares slumped after warning about growth in 2024.

9/15/2023

Stocks Drop as Tech Sector Lags; Yields Climb Despite Upbeat Economic Data

Stock indices closed lower today, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all experiencing declines, while the technology sector was the session's laggard and the real estate sector was the leader but still lost ground. Additionally, the U.S. 10-Year Treasury yield and Two-Year Treasury yield both increased.

9/21/2023

Stocks Fall as Hawkish Fed Outlook Spooks Investors

Tech stocks led a broad equity retreat as Wall Street reacted to the Federal Reserve's hawkish message and decision to hold interest rates steady, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all experiencing losses.

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Posted 9/6/2023, 11:00:00 AM