Value of Corydon-based Financials company First Capital Inc. (FCAP:NAQ) fell 11.6% on June 8

Value of Corydon-based Financials company First Capital Inc. (FCAP:NAQ) fell 11.6% on June 8

Public Policy

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 rose 3.5 percent on June 8 from the previous day.

The strongest performing Financials company in Indiana was American Acquisition Opportunity Inc. (AMAO:NAQ), sitting 131.1 percent higher to sell at $10.

Simon Property Group Acquisition Holdings Inc. (SPGS:NYQ) fared the worst among Indiana companies, suffering a 98.8 percent drop to $9.79.

Among Corydon companies, First Capital Inc. (FCAP:NAQ) saw the biggest fall in value of 11.6 percent on June 8.

The Financials sector was the daily best-performing sector on the market.

Real Estate 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 June 8

Sector% ChangeHighest Positive ChangeLargest Negative Change
Financials3.5%503,394,873.9%-100.0%
Telecommunications2.5%94,991,539.1%-100.0%
Basic Materials-0.2%181,846,053.8%-100.0%
Consumer Staples-0.3%74,588,498.8%-100.0%
Consumer Discretionary-0.4%86,574,897.2%-100.0%
Energy-0.4%50,692,931.2%-100.0%
Health Care-0.7%116,533,233.3%-100.0%
Technology-1.7%504,005,546.2%-100.0%
Utilities-1.8%91,468,730.2%-99.6%
Industrials-1.9%124,569,304.6%-100.0%
Real Estate-2.2%203,508,971.2%-99.7%

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