Alabama Business News
Gainers outnumbered decliners Friday on our Mobile and Alabama Stock Report, but the headliner was definitely on the negative side.Friday, “A class action securities lawsuit was filed against Enviva Inc. that seeks to recover losses of shareholders who were adversely affected by alleged securities fraud between November 3, 2022 and May 3, 2023.”
The wood pellet manufacturer partially exports out of the Port of Mobile and has a major facility coming soon to Epes in Sumter County. Overall, Wall Street rallied in a whipsaw Friday and erased its morning losses after looking deeper into the nuances of a surprisingly strong report on the U.S. job market.
The S&P 500 climbed 1.2% after charging back from an earlier drop of 0.9%. The Dow Jones Industrial Average rose 288 points, or 0.9%, and the Nasdaq composite flipped to a gain of 1.6%. 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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