FIN Fastener Stock Index Up 6.8% in 2nd Quarter
July 05
00:00
2001
FIN Fastener Stock Index Up 6.8% in 2nd Quarter
John Wolz
The FIN Fastener Stock Index rose 6.8% for the second quarter of 2001.
Overall stock markets rose faster than fastener stocks at 8.4%
During the first quarter fastener stocks were down 3.4% and overall stock markets were down 9.5%.
Fastener stocks gaining more than 10% in the second quarter of 2001 were Alcoa, Aviall, Barnes, Fairchild, Illinois Tool Works, Nucor, Pentacon, Precision Castparts, TransTechnology, Fastenal, Lawson Products, Questron and R&B Inc.
Losing more than 10% were Honeywell, which was involved in a merger agreement with General Electric during the entire quarter, and Industrial Holdings.
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