Portfolio market
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Overall, most stocks fell for the week. The Dow fell 1.58% and the S&P 500 fell 2.24%. Most stocks were within this range, but there were four standouts. 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 |52.97 |-1.60% |
|JNJ |60.72 |60.62 |-0.16% |
|DD |33.77 |31.74 |-6.01% |
|Dow |9819.9 |9665.19 |-1.58% |
|S&P 500 |1068.34 |1044.38 |-2.24% |
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