Car company with major Huntsville ties tops stock report

  • 📰 aldotcom
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 68%

United States News News

United States United States Latest News,United States United States Headlines

Wall Street rallies on hopes Fed’s rate hikes are done.

The star of our Huntsville and Alabama Stock Report on Wednesday was Toyota, which jumped on reports of its July-September profit increasing nearly threefold from a year ago.

The Japanese company with major local ties jumped $10.60 a share, or 6.1%, to close at $185.78, a little less than $10 off a 52-week high. Toyota Alabama was established in Huntsville in 2001 and started production in 2003. Over the past 20 years, the plant has had eight major investments, including six building expansions. Today, it produces approximately 3,000 engines each day for the RAV4, Corolla, Corolla Cross, Tacoma, Sequoia, Highlander, Sienna and Tundra. Toyota Alabama directly employees 2,000 and represents a $1.5 billion investment.Later this fall, Toyota Alabama will begin production on the new 2.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 82. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Asian shares track Wall Street gains ahead of Fed decision on interest ratesAsian shares are mostly higher after Wall Street advanced to claim back some of the ground it gave up in another losing month. Tokyo's benchmark jumped 2.4%. Investors are awaiting a decision by the Federal Reserve Wednesday on interest rates. On Tuesday, the S&P 500 rose 0.6%, though it fell 2.2% in the month of October.
Source: AP - 🏆 728. / 51 Read more »

All the market-moving chatter from Wall Street on Thursday morningA slew of analyst moves are out Thursday morning, including an upgrade to a major energy company.
Source: CNBC - 🏆 12. / 72 Read more »