Alabama Business News
The bottom continues to drop out for Enviva as it plummeted 18.1% to highlight our Mobile and Alabama Stock Report on Monday.
The fall put the company at a 52-week low of $4.74 a share. The wood pellet manufacturer partially exports out of the Port of Mobile and has a major facility coming soon to Epes in Sumter County. Meanwhile, stocks of military contractors jumped on rising tensions as Israel and Hamas waged war. Lockheed Martin was the personification of that, rising 8.9%.Overall, oil prices climbed Monday on worries about violence in the Middle East. The stock market was less fearful, though, and flipped from early losses to gains.
The S&P 500 rose 27.16, or 0.6%, following some potentially encouraging news on interest rates, which have been dragging Wall Street mainly lower since the summer. If you purchase a product or register for an account through a link on our site, we may receive compensation.and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our
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