FIN Fastener Stock Index Up 2% in 3rd Quarter
FIN Fastener Stock Index Up 2% in 3rd Quarter
John Wolz
The FIN Fastener Stock Index rose 2% in the third quarter of 2000, compared with a combination of related stock indexes edging up 1%. Among the fastener stocks showing gains of more than 10% were Alleghany, Aviall, Barnes, Fairchild, SPS Technologies and Fastenal. Fastener stocks slipping more than 10% were Black & Decker, Penn Engineering, Pentacon, Precision Castparts, SunSource, Textron, TransTech-nology, Pacific Aerospace, Questron and Eastern Co. \
During the second quarter the FIN Fastener Stock Index dropped 6%, while the stock markets rose 11%. In the first quarter fastener stocks dropped only 4%, while the related stock indexes plummeted 17%. The FIN Index has been monitored by Fastener Industry News since 1996.
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