Value of Industrial Engineering company Cummins Inc. (CMI:NYQ) based in Columbus fell 12.6% on Sept. 22

Value of Industrial Engineering company Cummins Inc. (CMI:NYQ) based in Columbus fell 12.6% on Sept. 22

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The value in Industrial Engineering stocks fell 2.4 percent on Sept. 22 from the previous day.

The strongest performing Industrial Engineering company in Indiana was Cummins Inc. (CMI:NYQ), dropping 12.6 percent to sell at $207.04.

Hillenbrand Inc. (HI:NYQ) fared the worst among Indiana companies, suffering a 30.4 percent drop to $38.62.

Among Columbus companies, Cummins Inc. (CMI:NYQ) saw the biggest fall in value of 12.6 percent on Sept. 22.

The Tobacco industry was the daily best-performing industry on the market. The market is divided into 44 different industries.

Waste and Disposal Services was the worst-performing industry.

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 industries on Sept. 22

Industry% ChangeHighest Positive ChangeLargest Negative Change
Tobacco47.3%2,320.5%-43.1%
Life Insurance23%53,722,523.5%-100%
General Industrials8.4%10,053,039.9%-100%
Leisure Goods8.1%64,111,870.1%-100%
Industrial Metals and Mining4.3%3,711.2%-100%
Technology Hardware and Equipment4.3%2,102,973.4%-99.7%
Travel and Leisure3.5%30,578,815.3%-100%
Real Estate Investment Trusts1.1%173,802,491.4%-100%
Banks0.6%4,548,318.3%-99.8%
Open End and Miscellaneous Investment Vehicles-0.2%24,639,438.3%-100%
Medical Equipment and Services-0.5%122,734,241.3%-100%
Precious Metals and Mining-0.6%10,943.7%-99.6%
Retailers-1.1%80,927,493%-100%
Mortgage Real Estate Investment Trusts-1.3%4,045.3%-100%
Construction and Materials-1.5%20,764,994.3%-100%
Industrial Materials-1.7%413.3%-100%
Electricity-1.8%144,207,460.1%-96.2%
Closed End Investments-1.9%24,710,615.7%-100%
Software and Computer Services-2.1%88,409,905.2%-100%
Industrial Engineering-2.4%9,085,125.5%-100%
Gas, Water and Multi-utilities-2.9%355,609,192.5%-100%
Pharmaceuticals and Biotechnology-3.1%276,537,213.4%-100%
Media-3.1%271,791,394.2%-100%
Non-life Insurance-3.6%5,033,375.3%-100%
Oil, Gas and Coal-4%17,436,391.2%-100%
Household Goods and Home Construction-4.6%236,561.9%-100%
Health Care Providers-5%104,427,681.1%-100%
Aerospace and Defense-5.5%17,922,991%-86.4%
Industrial Transportation-5.9%1,150,395.7%-88.3%
Industrial Support Services-6.9%17,504,321%-100%
Food Producers-7%319,836,469.3%-100%
Electronic and Electrical Equipment-7%2,809,212.5%-100%
Chemicals-7%52,727,998.4%-100%
Telecommunications Service Providers-7.2%935.6%-53.7%
Personal Care, Drug and Grocery Stores-7.9%34,713,071.1%-100%
Consumer Services-8.5%999,124.4%-100%
Investment Banking and Brokerage Services-8.6%14,014,315.9%-100%
Telecommunications Equipment-9.7%692.6%-100%
Automobiles and Parts-10.7%80,371,263.5%-84.4%
Alternative Energy-12.2%6,047,664%-100%
Finance and Credit Services-14.6%228,786,996.8%-100%
Real Estate Investment and Services-14.8%655,893.1%-100%
Beverages-16.3%2,577.4%-97.2%
Waste and Disposal Services-16.5%205,061%-58.9%

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