Birmingham stock report: Health stocks gain momentum

On a mixed day of mostly small gains and moderate losses, two health stocks with local and statewide interests shined on top.

Birmingham-based Medical Properties Trust led the gainers at +16.7%.

The Birmingham-based real estate investment trust focuses on healthcare facilities.

Community health systems follow with +6.2%. The Franklin, Tennessee-based company has six locations in Alabama: Birmingham, Dothan, Enterprise, Foley, Gadsden and Huntsville

At the bottom, Amazon lost 91 cents to $186.57. The internet retail giant’s self-driving robotaxi unit is the target of an investigation after two vehicles collided with motorbikes.

Overall, US stocks ended mixed near record highs.

The S&P 500 ended Monday little changed and is less than 1% below the record set in late March. The Dow Jones Industrial Average fell 0.2 percent and the Nasdaq Composite rose 0.3 percent.

Stocks rose this month on revived hopes that inflation could ease enough to persuade the Federal Reserve to cut its key interest rate later this year. A key test will arrive on Wednesday, when the government will provide an inflation update.

Meanwhile, GameStop and other meme stocks rose on Monday and Treasury yields fell in the bond market.

Are we missing a local or state publicly traded company that should be on this list? Please send your suggestions to Lede producer Brent Conklin at [email protected].