HOUSTON (ICIS)--Most US-listed shares of chemical companies recovered a portion of their losses on Friday, following a large sell-off that saw many stock prices fall by more than 10%.
That sell-off took place on Thursday, and it was the worst since mid-March.
The table below shows Friday's performance of the US-listed shares followed by ICIS.
|$ Change||% Change|
|Axalta Coating Systems||22.20||0.50||2.28|
The general stock market also rebounded, but the strength of that recovery weakened as the day progresses.
The Dow Jones Industrial Average was up by more than 800 points earlier on Friday. It lost a large portion of those gains, as shown in the following table.
|Dow Jones Industrial Average||25,605.54||477.37||1.90|
|Dow Jones US Chemicals Index||579.71||11.82||2.08|
|S&P 500 Chemicals Industry Index||580.90||10.52||1.84|
Oil markets were mixed, as shown in the following table.
Friday's faltering rebound came as some states in the US are reporting an upswing in coronavirus infections while they loosen travel and work restrictions.
For the US as a whole, total cases have reached 2.02m, up by nearly 22,000 from the previous day, according to the US Centers for Disease Control and Prevention (CDC).
In Europe, chemical shares were steady and lagged behind the general market.
EU industrial production had fallen by 17.3%, the steepest decline on record.
In Asia, chemicals shares fell.
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Additional reporting by Tom Brown and Nurluqman Suratman
Thumbnail image by Shutterstock