Value of Financials company First Capital Inc. (FCAP:NAQ) based in Corydon fell 51.7% on June 16

Value of Financials company First Capital Inc. (FCAP:NAQ) based in Corydon fell 51.7% on June 16

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Value in Financials stocks fell 4.6 percent on June 16 from the previous day.

The strongest performing Financials company in Indiana was American Acquisition Opportunity Inc. (AMAO:NAQ), sitting 8,793 percent higher to sell at $10.

Finward Bancorp (FNWD:NAQ) fared the worst among Indiana companies, suffering a 71 percent drop to $36.5.

Among Corydon companies, First Capital Inc. (FCAP:NAQ) saw the biggest fall in value of 51.7 percent on June 16.

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

Telecommunications 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 16

Sector% ChangeHighest Positive ChangeLargest Negative Change
Consumer Staples-1.4%171.4%-100.0%
Utilities-2.1%269%-89.9%
Real Estate-2.1%290.6%-100.0%
Health Care-2.7%7,923.4%-100.0%
Basic Materials-4.2%51,554.3%-99.0%
Industrials-4.2%10,972.7%-100.0%
Energy-4.3%712.5%-100.0%
Financials-4.6%148,117.1%-100.0%
Consumer Discretionary-4.9%6,732.5%-100.0%
Technology-5.1%5,503.3%-100.0%
Telecommunications-5.1%196.8%-82.3%

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