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A bad day for stocks: How did Idaho do? (access required)

by IBR Contributor
Published: February 27,2007
Time posted: 1:00 am

It was bloody day on Wall Street. Fears about the state of the U.S. economy on the heels of Alan Greenspan’s dire prediction and after a huge sell-off in the Chinese stock market led to the worst day for the U.S. market since 9.11.01. Here’s a paragraph from an Associated Press report:

Still, traders' dwindling confidence was knocked down further by data showing that the economy may be decelerating more than anticipated. A Commerce Department report that orders for durable goods in January dropped by the largest amount in three months exacerbated jitters about the direction of the U.S. economy, just a day after former Federal Reserve Chairman Alan Greenspan said the United States may be headed for a recession.

  Banks were hit especially hard among companies with Idaho ties. Wells Fargo dropped 1.28 per share, and Zions Bank dropped 1.66. The other big loser was Hewlett-Packard, which dropped 1.37 per share. Here’s how other Idaho companies performed:

  • Building Material Holdings – down .52
  • Cascade Bancorp – down .68
  • Coeur d’Alene Mines – down .42
  • Coldwater Creek – down .70
  • American Ecology – down .61
  • Hecla Mining – down .84
  • Hewlett Packard – down 1.37
  • IdaCorp – down 1.17
  • Idaho Independent Bank – down .70
  • AMIS Holdings – down .62
  • Micron Technology – down .44
  • Plum Creek Timber – down .96
  • Potlatch – down 1.30
  • Qwest – down .17
  • Sysco – down .97
  • Washington Group – down .32
  • Wells Fargo Bank – down 1.28
  • Zions Bank – down 1.66
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