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Markets fall, but Huntsville stocks show gains

Aug 09, 2023Aug 09, 2023

A trio of Huntsville-area stocks topped our list Tuesday, while a trio of banks footed the bottom.

Sanmina led the way with a 1.9% gain. It’s a leading integrated manufacturing solutions company with a pair of locations in Huntsville. Its Huntsville Medical Product Design organization develops a broad range of products with a specialty in medical devices and medical electronics for many of the world’s leading Original Equipment Manufacturers (OEMs). Meanwhile, its 260,000-square-foot Huntsville operation is also Sanmina’s premier medical facility in North America, providing PCBA and systems assembly for medical, industrial, commercial and automotive markets.

Hexcel pulled up 1.5%, while Adtran added 1.4%.

On the downside, Regions dropped 5%, Synovus fell 3.6% and PNC lost 3.2%.

Overall, Wall Street ticked lower Tuesday ahead of two potentially market-shaking events later in the week.

The S&P 500 slipped 12.22, or 0.3%, to 4,387.55 to give back some of its rare August gain from a day before, which was powered by Big Tech stocks. The Dow Jones Industrial Average fell 174.86 points, or 0.5%, to 34,288.83, and the Nasdaq composite edged up by 8.28, or 0.1%, to 13,505.87.

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