Wall Street feels pain on Tuesday
After a 2.13 percent drop on Monday, the HCN Stock Index sank another 5.27 percent on Tuesday, falling to 777.55. The index is down 22.2 percent since the Lehman Brothers bankruptcy of Sept. 15.
The Dow Jones Industrial Average on Tuesday plunged 508 points, or 5.11 percent, to 9,447.11.
Among the 20 companies on the HCN Stock Index, 17 showed declines on Tuesday, including a 22.05 percent drop at Louisiana Pacific and a 15.63 percent decline at Builders FirstSource. Home Depot and Lowe’s were down 4.08 percent and 5.65 percent, respectively.
On the positive side, shares of Tractor Supply gained 64 cents to $34.83; BMHC gained 9 cents to $0.77; and Simpson Manufacturing shares rose 38 cents to $24.26.