News

Aug 26, 2023

Huntsville

U.S. stocks drifted higher Tuesday amid a vacuum of market-moving data, nudging

U.S. stocks drifted higher Tuesday amid a vacuum of market-moving data, nudging Wall Street closer to the edge of what's called a bull market, an extended period of rising stock prices. That positivity rang true, too, in our Huntsville and Alabama Stock Report.

At the top of our heap Tuesday was Synovus Financial Corp., which rose 6.9%. Based in Columbus, Ga., it operates 32 branches in 20 different cities and towns in Alabama, including four in Huntsville.

Carpenter Technology Corporation -- a leading producer and distributor of premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels -- jumped 4.2% to close at $50.16 a share and draw close to its 52-week high of $54.89.

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.

Adtran, a Huntsville-based telecommunications equipment company, saw an increase of 3.4%.

Louisiana-Pacific Corp. also rose 3.4%. It has two manufacturing facilities in Alabama – one in Hanceville and one in Thomasville; both make oriented strand board.

If you purchase a product or register for an account through one of the links on our site, we may receive compensation.