Carmel-based Consumer Discretionary company KAR Auction Services Inc. (KAR:NYQ) sees value fall 10.1% on Nov. 23, 2022

Carmel-based Consumer Discretionary company KAR Auction Services Inc. (KAR:NYQ) sees value fall 10.1% on Nov. 23, 2022

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Value in Consumer Discretionary stocks fell 21.7 percent on Nov. 23, 2022 from the previous day.

The strongest performing Consumer Discretionary company in Indiana was KAR Auction Services Inc. (KAR:NYQ), dropping 10.1 percent to sell at $13.29.

LCI Industries (LCII:NYQ) fared the worst among Indiana companies, suffering a 100 percent drop to $100.56.

Among Carmel companies, KAR Auction Services Inc. (KAR:NYQ) saw the biggest fall in value of 10.1 percent on Nov. 23, 2022.

The Health Care sector was the daily best-performing sector on the market.

Consumer Discretionary 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 Nov. 23, 2022

Sector% ChangeHighest Positive ChangeLargest Negative Change
Health Care7.8%44,154,916.2%-100%
Technology6.5%21,624.3%-100%
Basic Materials3.7%4,393.4%-100%
Utilities3.6%484,694.4%-100%
Telecommunications3.4%1,386.1%-100%
Real Estate-0.7%72,725,564.6%-100%
Consumer Staples-0.8%2,216.5%-100%
Energy-5.7%47,746.7%-100%
Financials-6.3%2,964,997%-100%
Industrials-6.8%4,895,453.3%-100%
Consumer Discretionary-21.7%2,917,472.8%-100%

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