Wall Street leaps toward best week of 2023 on hopes for halt to rate hikes.
Big gains highlighted a Mobile and Alabama Stock Report on Thursday that saw only two stocks in the negative, and one of those was by a mere penny.
Community Health Systems was the big winner, picking up 13%. The Franklin, Tennessee-based company has six locations in Alabama: Birmingham, Dothan, Enterprise, Foley, Gadsden and Huntsville.The penny decliner? U.S. Steel. Overall, Wall Street roared higher again on Thursday with hopes the Federal Reserve may finally be done with its market-rattling hikes to interest rates.
The S&P 500 leaped 1.9% for its fourth straight winning day. It’s already up 4.9% this week and on pace for its best week in nearly a year. If you purchase a product or register for an account through a link on our site, we may receive compensation.
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