Three -- Steel Dynamics, Alcoa and IE DuPont fell in excess of 6% for the week. The drop in the first two can be attributed to weakness in commodities. The other outlier was Pfizer, which was the only stock to gain this week, up 0.49%. Even fellow pharmaceutical firms JNJ and MRK dropped, indicating specific strength in Pfizer, most likely tied to merger talks. Most stocks in the portfolio, however, roughly tracked the market, which slumped on generally discouraging sentiment with regards to economic recovery, spurred by weak new home sales and durable goods sales, two key economic indicators (Perman, 2009).
Stock
Close Sept 18
Close Sept 25
Return
STLD
17.85
16.61
-6.95%
XOM
69.81
68.7
-1.59%
AA
14.04
13.08
-6.84%
DIS
28.44
27.62
-2.88%
MRK
31.88
31.25
-1.98%
PFE
16.32
16.4
0.49%
MMM
74.65
73.8
-1.14%
KO
53.83
No author. (2009). Stock index futures point to higher open. Reuters. Retrieved September 25, 2009 from http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=OBR&date=20090925&id=10373441
Gibson, Nevil. (2009). Wall Street Stocks Fall as Fed Keeps Interest Rates Down. National Business Review. Retrieved September 25, 2009 from http://www.nbr.co.nz/article/wall-street-stocks-fall-fed-keeps-interest-rates-down-111655
No author. (2009). Merck Seeks EU Approval to buy Schering-Plough. Associated Press. Retrieved September 25, 2009 from http://news.moneycentral.msn.com/ticker/article.aspx?symbol=U.S.:JNJ&feed=AP&date=20090921&id=10408829
Perman, Cindy. (2009). Stocks End Lower Amid Recovery Woes. CNBC. Retrieved September 25, 2009 from http://www.cnbc.com/id/33021399
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