Value of Jeffersonville-based Financials company First Savings Financial Group Inc. (FSFG:NAQ) fell two% on July 13

Public Policy
Stock market 20 edited

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

Value in Financials stocks fell 45.5 percent on July 13 from the previous day.

The strongest performing Financials company in Indiana was Finward Bancorp (FNWD:NAQ), sitting 297 percent higher to sell at $36.99.

American Acquisition Opportunity Inc. (AMAO:NAQ) fared the worst among Indiana companies, suffering a 26 percent drop to $10.15.

Among Jeffersonville companies, First Savings Financial Group Inc. (FSFG:NAQ) saw the biggest fall in value of two percent on July 13.

The Consumer Staples sector was the daily best-performing sector on the market.

Financials was the worst-performing sector.

Healthcare and technology stocks are viewed as the safest bets for long-term gains.

Besty Kuekcer with Benzinga.com said healthcare-related stocks, such as hospital conglomerates and insurance companies, have weathered numerous economic crises and still make a profit, suggesting that they are generally a stable investment.

While technology stocks can be more risky, given the boom-bust nature of new tech companies, Kuecker recommended a diverse portfolio of tech companies to strike it big when companies succeed or sell to other larger companies.

For short-term investments, Kuecker recommended “consumer discretionary” stocks, which are sensitive to economic changes but can rise greatly on the back of a strong economy.

Nothing in this article is to be assumed as financial advice.

Rank of stock market sectors on July 13

Sector% ChangeHighest Positive ChangeLargest Negative Change
Consumer Staples74.7%4,237.3%-97.3%
Energy25.1%5,955.7%-91.2%
Technology13.2%6,363.5%-93.7%
Industrials5.3%1,115.1%-89.2%
Basic Materials5.3%1,900%-67.4%
Utilities-1.1%411.1%-69.9%
Health Care-1.3%31,895.2%-98.3%
Consumer Discretionary-2.5%198,900%-93.9%
Real Estate-6.8%209%-87.7%
Telecommunications-26.8%721.1%-99.7%
Financials-45.5%63,044.5%-99.9%

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS