Some local stocks bounce back after Monday mayhem
After a tumultuous Monday on Wall Street, stocks of many Louisville-area banks and corporations bounced back in Tuesday morning trading.
The Dow Jones Industrial Average, which lost 7 percent of its value Monday, gained 235 points, or 2.3 percent, as of about 11:30 a.m. The NASDAQ and S&P 500 indices both gained 3 percent Tuesday morning.
The stocks of regional banks followed the markets.
Cincinnati-based Fifth Third Bancorp (NASDAQ: FITB) rose 21 percent, or $1.88, to $10.99.
Cleveland-based National City (NYSE: NCC), which suffered a 56 percent loss Monday on buyout speculation, rose 39 percent, or 53 cents, to $1.89 in Tuesday morning trading.
Trading for other banks with local operations were as follows: JPMorgan Chase (NYSE: JPM) rose 9 percent, or $3.88, to $44.89; PNC Financial Services Group (NYSE: PNC) added 4.5 percent, or $3.07, to $71.07; and U.S. Bancorp (NYSE: USB) was up 5.6 percent, or $1.83, to $34.58.
Stock in Louisville-based S.Y. Bancorp Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Co., increased $1.59, or 5.8 percent, to $29.14 no teletrak payday loans. Louisville-based Republic Bancorp Inc. (NASDAQ: RBCAA), parent company of Republic Bank & Trust Co., increased $1.88, or 6.6 percent, to $30.23.
Other stocks of local interest that showed gains in Tuesday morning trading were:
• Almost Family Inc. (NASDAQ: AFAM) increased $1.18 cents, or 3.1 percent, to $38.73;
• Brown-Forman Corp. (NASDAQ: BFB) increased $1.79, or 2.6 percent, to $71.70;
• Churchill Downs Inc. (NASDAQ: CHDN) increased $1.24, or 2.7 percent, to $46.68;
• Cummins Inc. (NYSE: CMI) increased 31 cents, or 0.7 percent, to $42;
• Ford Motor Co. (NYSE: F) increased 35 cents, or 8.4 percent, to $4.52;
• General Electric Co. (NYSE: GE) increased $1.04, or 4.5 percent, to $24.13;
• Kindred Healthcare Inc. (NYSE: KND) increased 33 cents, or 1.2 percent, to $26.90.