Chemical Week Magazine :: CW75 Stock Performance
CW75 Stock Performance
9:32 AM MDT | June 30, 2008 | Chemical Week Editorial Staff
The CW75 Index fell 4.7% for the week ending June 24, lagging broader market indexes. Basic chemical stocks fell 6.2%; diversified chemical shares, 4.9%; and specialty chemical stocks, 2.9%. A continuing rise in oil prices drove down chemical share prices. The stock market fell as investors sold shares in economically sensitive sectors of the market before the U.S. Federal Reserve was scheduled to announce its interest rate decision on June 25, analysts say. Huntsman topped the laggards’ list on news that the company has been sued by Hexion Specialty...
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