Chemical Week Magazine :: CW75 Stock Performance
CW75 Stock Performance
8:54 AM MST | March 3, 2008 | Chemical Week Editorial Staff
The CW75 Index rose 3.3% for the week ending February 26, outpacing broader market indexes. The financial sector led a U.S. stock market rally because Standard & Poor’s is maintaining its top credit ratings of bond insurers Ambac Financial Group and MBIA, media reports say. Chemical stocks increased despite rising oil prices, analysts say. Basic chemical shares climbed 6.4%. Polyethylene margins are expected to improve in February because of lower feedstock costs and higher export demand, says BB&T Capital Markets (New York). “We believe the...
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