Major indexes down 3-5%
Stocks slumped this week when soft economic data and a down Federal Reserve statement continued to spur fears that a slipping economic recovery could give way to a double-dip recession, according to today's MarketWatch weekly wrap-up.
The Fed reverse itself from just two weeks ago when in proclaimed the economy was gaining some strength. It's a stark reminder that the Fed has power to affect investor confidence.
The Dow was down 350 points to 10303, a 3.4% drop for the week. NASDAQ shares were off over 5% with a 115-point slide to 2173. Issues in the 20 Solar Stocks Index (20SSI) fell 17 points since last Friday to a close of 358, a 4.86% drop.
20 Solar Stocks Index Week of August 9-13, 2010
| Monday Open | Friday Close | Up/Down | % Change | Close 1/5/09* | Close 3/6/09** | |
| Dow Jones DJIA | 10653.56 | 10303.15 | -350.41 | -3.40% | 8952.89 | 6626.95 |
| NASDAQ | 2288.47 | 2173.48 | -114.99 | -5.290 | 1628.03 | 1293.85 |
| Amtel Systems ASYS | 10.64 | 11.92 | +1.28 | +12.03 | 4.00 | 2.73 |
| Applied Materials AMAT | 11.84 | 11.17 | -.67 | -5.998 | 10.67 | 8.70 |
| Canadian Solar CSIQ | 13.36 | 11.59 | -1.77 | -15.27 | 7.00 | 3.0601 |
| ECD (UniSolar) ENER | 5.24 | 4.22 | -1.02 | -24.17 | 29.33 | 17.45 |
| Entech Solar ENSL.OB | .12 | .10 | -.02 | -20.00 | .28 | .23 |
| Evergreen Solar ESLR | .70 | .62 | -.08 | -12.90 | 3.60 | 1.03 |
| First Solar FSLR | 129.34 | 124.52 | -4.82 | -3.870 | 157.80 | 108.49 |
| GT Solar Int. SOLR | 8.00 | 7.95 | -.05 | -.6289 | 4.00 | 4.02 |
| JA Solar JASO | 6.49 | 5.77 | -.72 | +9.075 | 5.09 | 1.91 |
| Kyocera KYO | 92.08 | 87.80 | -4.28 | -4.874 | 71.87 | 54.21 |
| LDK Solar LDK | 7.35 | 7.27 | -.08 | -1.100 | 14.84 | 4.40 |
| MEMC Elect. WFR | 9.98 | 10.47 | +.49 | +4.908 | 15.76 | 13.68 |
| Renesola SOL | 7.99 | 7.48 | -.51 | -6.818 | 5.15 | 2.1201 |
| Satcon SATC | 3.47 | 3.23 | -.24 | -7.430 | 1.60 | 1.23 |
| SolarFun SOLF | 10.66 | 10.28 | -.38 | -3.696 | 6.12 | 2.30 |
| SunPower SPWRA | 12.82 | 12.07 | +.75 | +6.213 | 45.13 | 23.39 |
| SunTech STP | 9.52 | 8.75 | -.77 | -8.800 | 13.55 | 5.34 |
| Trina Solar TSL | 23.77 | 21.76 | -2.01 | -9.237 | 10.09 | 7.23 |
| Westinghouse Solar (Akeena) WEST | .8203 | .7721 | -.0482 | -6.242 | 2.28 | .61 |
| Yingli YGE | 11.38 | 10.56 | -.82 | -7.765 | 7.25 | 3.888 |
| 20SSI Weekly Cumulative: | Previous 375.57 | Current 358.30 | Change -17.27/-4.8% | Avg Stock -4.86%*** | 1/05/09* 415.41 | 3/06/09** 266.01 |
** The Concensus "new" bull market began on Monday, March 9, 2009.
*** Starting 6/11/10: In order to arrive at a truer stock gain/loss percentage, stocks with the highest percentage gain and worst drop are eliminated from the average.
NOTE: All above stocks have market capitalization of $100M+ except Westinghouse Solar (formerly Akeena), Amtel Systems
and Entech Solar. This listing is strictly informational and implies neither endorsement or disapproval of any stock listed. Comments are always welcome.
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