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Chemical Week Magazine :: CW75 Stock Performance

CW75 Stock Performance

9:40 AM MDT | May 6, 2008 | Chemical Week Editorial Staff

The CW75 Index fell 5.1% for the week ending April 29, lagging broader market indexes including the Morgan Stanley global composite and Standard and Poor’s 500, which both declined by about 1%. The stock market is down because of a drop in consumer spending as a result of economic concerns, analysts say. Rising oil prices are also driving stocks down, analysts say. Basic chemical stocks fell 11%. Diversified and specialty chemical shares declined 3.2% and 2.9%, respectively. Fertilizer stocks fell after RBC Capital Markets (New York) downgraded PotashCorp...

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