Sector Roundup: Chinese Demand Boosts Nickel Producers, Regional Banks Slump on Bad Loan Worryadmin
Among the sector activity stories for Wednesday, March 26, from AP Financial News:
NEW YORK (AP) — Shares of companies that produce nickel, a key ingredient in making stainless steel, rose Wednesday on fresh evidence of China’s growing appetite for the commodity.
NEW YORK (AP) — Shares of regional banks fell Wednesday after an analyst said bad loans will weigh on the financial institutions throughout 2008.
NEW YORK (AP) — Casual dining shares fell Wednesday after a Friedman, Billings, Ramsey analyst said a difficult environment for casual dining companies is likely here to stay.
NEW YORK (AP) — Utility stocks rose slightly Wednesday as investors moved toward safer stocks as the broader market came under pressure.
NEW YORK (AP) — Shares of most trucking companies slipped Wednesday morning after analysts said high fuel prices were bringing truckers “to their knees.”