Sector Scan: Alternative Electricity and Iron & Steel Sectors Rise, Tire Industry Loses
Friday, June 10, 2011 1:00 PM



Alternative electricity sector added 1.06 percent to emerge as the market’s best performing sector, closely followed by iron and steel industry with 0.62 percent gain. Tires industry lost 6.08 percent to become the day’s worst performing sector.

Among major movers in the alternative electricity sector, Guggenheim Solar ETF (NYSEArca: TAN) lost 3.10 percent or 21 cents to trade at $6.57. Among major stocks, shares of Black Hills Corp. (NYSE: BKH) added 2.55 percent or 72 cents to trade at $28.93. Shares of Exelon Corp. (NYSE: EXC) were up 0.50 percent or 21 cents to trade at $41.84. Shares of GenOn Energy, Inc. (NYSE: GEN) gained 0.62 percent or 2 cents to trade at $4.04.

In the iron and steel industry, Market Vectors Steel ETF (NYSEArca: STL) was down 1.50 percent or 1 cent to trade at $65.78. Among major stock, shares of AK Steel Holding Corp. (NYSE: AKS) added 2.52 percent or 37 cents to trade at $15.06. Shares of Arcelor Mittal (NYSE: MT) were down 0.89 percent or 30 cents to trade at $32.44. Shares of Mechel OAO (NYSE: MTL) lost 0.26 percent or 7 cents to trade at $26.97.

Among major movers in the tires industry, shares of Cooper Tire & Rubber Co. (NYSE: CTB) lost 8.57 percent or $1.82 to trade at $19.42. Shares of Goodyear Tire & Rubber Co. (NYSE: GT) fell 7.04 percent or $1.13 to trade at $14.93. Shares of Titan International Inc. (NYSE: TWI) slipped 3.03 percent or 69 cents to trade at $22.10.


 

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