This Week's Weakest Industries: Tires & Rubber, Chemicals, Security
This hasn't been the best of weeks for tire manufacturers like GoodYear (NYSE: GT) or Cooper Tire & Rubber Co. (NYSE: CTB). They're not alone in their plight though. Commodity chemical stocks as well as security and alarm services stocks both extended weekly losses by falling further on Wednesday.
Index/Industry Today's % WTD %
S&P 1500 Tires & Rubber Index -4.58% -7.28%
S&P 1500 Automobile Manufacturers -1.72% -0.37%
S&P 1500 Commodity Chemicals -1.54% -2.96%
S&P 1500 Oil & Gas Refng & Mkt -1.06% -4.07%
S&P 1500 Security & Alarm Srvcs -0.90% -4.81%
Caution is advised with any of these groups - particularly the ones that have large had runups recently that could encourage profit-taking.
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