From The Lede

Stock with south Alabama ties takes biggest hit

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Stocks were mostly in the negative Tuesday on our Mobile and Alabama Stock Report, and one company with south Alabama ties suffered the biggest drop.

ArcelorMittal sank 6.6%. The Luxembourg-based steel manufacturing corporation has a steel processing plant -- a 50/50 joint venture with Nippon Steel Corp. -- in Calvert, Alabama.

Overall, most U.S. stocks slipped as Treasury yields climbed again on rising expectations that interest rates may stay high for a while.

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