Wall Street ticks higher to trim its sharp loss for September.
The number of gainers Thursday on our Mobile and Alabama Stock Report narrowly beat out the number of decliners, and a stock of local interest led the way.
ArcelorMittal paced the gainers, rising 2.9%. The Luxembourg-based steel manufacturing corporation has a steel processing plant -- a 50/50 joint venture with Nippon Steel Corp. -- in Calvert, Alabama.Overall, Wall Street ticked higher Thursday to trim its sharp loss for September after pressure squeezing it from the oil and bond markets relaxed a bit.
The S&P 500 rose 25.19, or 0.6%, to 4,299.70. The Dow Jones Industrial Average added 116.07 points, or 0.3%, to 33,666.34, and the Nasdaq composite gained 108.43, or 0.8%, to 13,201.28. A drop in oil prices took some heat off the stock market, a day after crude reached its highest price of the year. Treasury yields also relaxed to give the stock market more of a breather, particularly Big Tech companies.
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