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Monday, November 4, 2024

Rochester-based Industrials company Albany International Corp. (AIN:NYQ) sees value fall 24.2% on Sept. 21

Stock market 5 edited

Value in Industrials stocks rose 1.6 percent on Sept. 21 from the previous day.

The strongest performing Industrials company in New Hampshire was Mueller Water Products Inc. (MWA:NYQ), sitting 61 percent higher to sell at $10.53.

Skillsoft Corp. (SKIL:NYQ) fared the worst among New Hampshire companies, suffering an 84.9 percent drop to $2.11.

Among Rochester companies, Albany International Corp. (AIN:NYQ) saw the biggest fall in value of 24.2 percent on Sept. 21.

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

Energy 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.

Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.

Rank of stock market sectors on Sept. 21

Sector% ChangeHighest Positive ChangeLargest Negative Change
Consumer Staples7.2%300,063,199.2%-100%
Utilities2.8%15,170,695.2%-100%
Financials2.7%54,793,499.2%-100%
Industrials1.6%10,327,686.8%-100%
Telecommunications1.3%3,723.2%-100%
Basic Materials-0.3%19,365,792.1%-100%
Real Estate-2.1%24,150,689.9%-100%
Consumer Discretionary-2.3%124,197,270.4%-100%
Technology-2.8%94,061,729.7%-100%
Energy-8.6%14,705,672%-100%

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