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Chemical Week Magazine :: CW75 Stock Performance

CW75 Stock Performance

9:15 AM MDT | March 10, 2008 | Chemical Week Editorial Staff

A drop in the stock market dragged down the CW75 Index 4.8% for the week ending March 4. Broader market indexes including the Morgan Stanley global composite and the Standard & Poor’s 500 fell 3.6% and 3.9%, respectively. Basic chemical stocks decreased 5%, diversified shares declined 5.5%, and specialty chemical stocks fell 3.3%. The stock market tumbled because poor outlooks for Citigroup and Intel signal a weak U.S. economy to investors, analysts say. Warnings that more home foreclosures in the U.S. are expected and concerns that banks may report...

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