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Chemical Week Magazine :: CW75 Stock Performance

CW75 Stock Performance

2:32 PM MDT | September 12, 2008 | Chemical Week Editorial Staff

The CW75 Index fell 9% for the week ending September 9, led by a 16% drop in basic chemical stocks because of concerns that Hurricane Ike will impact oil supply in the U.S. Gulf Coast region, analysts say. Diversified and specialty chemical stocks each fell 6%. The CW75’s fall outpaces declines in broader markets. The stock market was volatile this week; the U.S. government’s news that it will bail out mortgage firms Fannie Mae and Freddie Mac sent stocks soaring, but Lehman Brothers’ losses drove the market back down. Ciba Specialty Chemicals...

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