Tecumseh products was the leading gainer of the day up almost 40% to 38.94 after a positive earnings call. The company’s earnings report Monday may 7th showed net sales down 9.6%
Crude finished down yet again finalizing at 93.27 down 1.59% as did gold and silver while natural gas showed them up gaining nearly 3% closing at 2.50. The CRB future was still able to maintain positive finishing up .80 to 289.20 and ending a five session losing streak.
The drug delivery and sporting goods industries both finished strong up around 3.3% each.
JP Morgan managed to finish up despite all the bad reporting at 36.27 up 1.35%.
The housing market index showed signs of life with significant improvements in demand this month lifting the housing market index 5 points higher to 29, a new recovery high.
The positives were outweighed by the negatives with the Dow, Nasdaq and S&P all finishing negative. Spanish broadcasting remained heavily hit finishing down 40% to 3.75.
Contributer Chris Rygh is currently pursuing his MBA in Wisconsin and has a passion for the Market. Comments can be directed to ryghcw19@uww.edu