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2014 FINdex Sees Lackluster Opening
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2014-05-28
The FIN Fastener Stock Index achieved a modest 1.5% gain in the opening quarter of 2014, compared to a 0.5% gain by an index of related industrial stocks.  About one in five of 21 public companies tracked by the FINdex lost share value during the quarter, which saw tough market conditions in January and February as weaker-than-expected U.S. data, concerns over growth in China and the outlook for some emerging economies troubled investors.
By contrast, the FINdex gained 9.5% in the opening quarter of 2013 on its way to a 33.3% increase for the year, including 7% growth in the final quarter. Fastener companies gained 10% or more in share value during the opening quarter of 2014.
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2014-05-28

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