After going red by a percent+ First Solar ended green by 2.3% but is down 1.6% after hours.
Various hydrocarbon ETF's closed green: FCG up 4.46%, XLE up 7/10% and giving it back AH.
NASDAQ Biotech ETF, IBB up .4%, double levered BIB up .73%.
And from Bespoke Investment Group:
52-Week Lows in the Energy Sector Exceed 40%
No sector of the market has been harder hit in the last several days than the Energy sector, and with its decline, the list of new 52-week lows has been steadily expanding. In Wednesday's trading, 42% of the stocks in the S&P 500 Energy sector hit 52-week lows. As shown in the chart below, the net reading of 52-week highs (percentage of 52-week highs minus percentage of 52-week lows) for the sector is now at its most negative levels in over three years since the aftermath of the US debt downgrade. We still have a ways to go before getting below those levels, and let's just hope the days when every stock in the sector trades at a 52-week low simultaneously aren't seen again for a very long time.
Energy Sector Crashes
Tuesday, October 14, 2014 at 02:52PM
