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Chemical Week Magazine :: CW75 Stock Performance

cw75 stock performance

1:37 PM MDT | August 22, 2007 | Chemical Week Editorial Staff

The CW75 Index fell for the week ending August 15 on news of credit concerns and lackluster earnings results. The CW75 fell 4.5%, and the Morgan Stanley global composite and the Standard & Poor’s 500 each fell 6%. Basic chemical shares rose 1.2%, while diversified and specialty chemical stocks fell 5.4% and 6%, respectively. “The [chemical] sector experienced some of the strangest trading action we’ve witnessed, likely driven by technical dislocations upon liquidation of hedge fund positions,” says Bank of America (New York) analyst Kevin McCarthy...

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