The sectors that under performed the broad markets were oil and gas, consumer durables and metals.
The sectors that under performed the broad markets were oil and gas, consumer durables and metals. This weakness persisted right through the day, with the full bearish force being felt in the last hour of trading. If we had added a huge amount of storage capacity for natural gas, then I would be concerned that natural gas prices were never going to go back up again and probably were headed down further. After rallying for nine straight days, the markets took a breather on Thursday's trading. At the time of publication, Cramer had no positions in the stock mentioned.
That's a one-two combo that the percentages don't favor. The stock markets opened on a weak note, partly guided by the Federal Reserve's decision to hike the federal funds rate to 5 per cent, its highest level in five years. The market breadth remained muted, with the advances to declines ratio at 0. Quotes supplied by ComStock, an Interactive Data company. Historical prices and fundamental data provided by Hemscott, Inc.