Value of Batesville-based Industrial Engineering company Hillenbrand Inc. (HI:NYQ) rose 2,876.2% on June 2

Public Policy
Stock market 19 edited

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

The value in Industrial Engineering stocks rose 1.9 percent on June 2 from the previous day.

The strongest performing Industrial Engineering company in Indiana was Hillenbrand Inc. (HI:NYQ), sitting 2,876.2 percent higher to sell at $51.5.

Cummins Inc. (CMI:NYQ) experienced the smallest increase in share price among Indiana companies, rising 50 percent to sell at $217.8.

Among Batesville companies, Hillenbrand Inc. (HI:NYQ) saw the highest rise in value of 2,876.2 percent on June 2.

The Automobiles and Parts industry was the daily best-performing industry on the market. The market is divided into 46 different industries.

Technology was the worst-performing industry.

Healthcare and technology stocks are viewed as the safest bets for long-term gains.

Besty Kuekcer with Benzinga.com said healthcare-related stocks, such as hospital conglomerates and insurance companies, have weathered numerous economic crises and still make a profit, suggesting that they are generally a stable investment.

While technology stocks can be more risky, given the boom-bust nature of new tech companies, Kuecker recommended a diverse portfolio of tech companies to strike it big when companies succeed or sell to other larger companies.

For short-term investments, Kuecker recommended “consumer discretionary” stocks, which are sensitive to economic changes but can rise greatly on the back of a strong economy.

Nothing in this article is to be assumed as financial advice.

Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.

Rank of stock market industries on June 2

Industry% ChangeHighest Positive ChangeLargest Negative Change
Automobiles and Parts12.4%43,298.7%-42.3%
Industrial Materials8.8%652.1%-34.2%
Mortgage Real Estate Investment Trusts8.3%4,487,000.7%-35.8%
Construction and Materials7.6%43,050,596%-56%
Industrial Transportation5.7%5,687,425.1%-78.2%
Electronic and Electrical Equipment5.4%388,220,694%-85.5%
Industrial Metals and Mining5.3%1,270,746,168.7%-75.3%
Household Goods and Home Construction5.1%121,850,563.7%-95.4%
Telecommunications Equipment4.5%153,669.6%-66.4%
Chemicals4.5%111,905,451.8%-89%
Retailers4%35,303,890.5%-55.5%
Media4%539,598.6%-94.7%
Leisure Goods3.9%28,385,164.9%-73.7%
Life Insurance3.6%45,483,133%-43.8%
Non-life Insurance3.5%306,883.6%-61.8%
Personal Goods3.1%10,295,159.4%-90.7%
Real Estate Investment Trusts3.1%22,834,752.2%-81.4%
Oil, Gas and Coal2.8%41,850,110%-86.2%
Waste and Disposal Services2.6%2,027.3%-97.7%
Finance and Credit Services2.4%1,858,010.7%-33.2%
General Industrials2.2%68,183,151.2%-68.6%
Pharmaceuticals and Biotechnology2.2%1,009,911,527.9%-96.5%
Aerospace and Defense2.2%6,423,098.7%-50.8%
Gas, Water and Multi-utilities2.1%10,512,894.2%-49.8%
Alternative Energy2.1%1,536,825%-53.3%
Software and Computer Services2%218,907,719.4%-94.8%
Technology Hardware and Equipment2%1,337,660.4%-61.8%
Industrial Engineering1.9%65,998,500.9%-58.3%
Industrial Support Services1.8%22,403,627.3%-83.2%
Tobacco1.8%24,833.7%-44.8%
Electricity1.8%1,898,001.9%-43.4%
Consumer Services1.3%2,088,855%-82.1%
Food Producers1%132,821,443.4%-95.3%
Travel and Leisure1%9,691,020.6%-97.8%
Open End and Miscellaneous Investment Vehicles0.5%973,429.9%-99.9%
Medical Equipment and Services0.4%66,816,248.3%-85.9%
Closed End Investments0.4%40,518,911.1%-84.8%
Investment Banking and Brokerage Services0.4%19,685,742.9%-89.2%
Health Care Providers0.3%1,390.7%-97.3%
Banks0.3%143,587,768%-94.1%
Real Estate Investment and Services0.3%15,732.7%-55.6%
Consumer Discretionary-0.5%17,530.9%-70.2%
Personal Care, Drug and Grocery Stores-1.8%124,473,985.4%-83.4%
Precious Metals and Mining-4.8%2,353.4%-29%
Beverages-6.7%8,128.5%-87.9%
Technology-7.9%1,250,570.5%-81.9%

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS