06 May 2010 22:08 [Source: ICIS news]
HOUSTON (ICIS news)--Chemical stocks took their lumps on Thursday following a 1,000-point freefall in the US Dow Jones Industrial Average amid Wall Street worries over the Greek debt crisis.
The Dow closed down closed down by 347.80 points (3.2%) on Thursday after partially recovering from the massive dive.
For US chemical companies, stock fell much further, with many declining by more than 5%.
Calumet was the biggest loser among US chemicals, falling 13.1%.
Stocks fell as worries persisted about the Greek debt crisis in Europe.
In energy markets, NYMEX light sweet crude for June delivery fell by $2.86 to settle at $77.11/bbl. During the day, cruse reached an 11-week low, falling to $76.49/bbl.
The US dollar, meanwhile, continued its gains, rising to €0.79.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|