So far, 2012 has been a swell year for investors, as stocks have taken off. Over the past week, we saw markets cheering a proposal by the International Monetary Fund to raise $600 billion in new funds to help it address the eurozone debt crisis. Strong earnings results from financial companies such as Goldman Sachs and Bank of America as well as tech bellwethers such as IBM and Intel also helped drive stocks forward.
For the week, the Dow Jones Industrial Average
The 3 Worst-Performing Sectors
Russell 3000 Sector
Weekly Price Change
Month-to-Date Price Change
Source: S&P Capital IQ. Weekly price change is Jan. 13-Jan. 20. Monthly price change is Dec. 30-Jan. 20.
Though the utility sector was the worst performer this week, most utilities didn't fare nearly as badly as GenOn Energy
As poorly as GenOn shares fared, biopharma Achillion Pharmaceuticals
The 3 Worst-Performing Russell 3000 Companies
Weekly Price Change
Source: S&P Capital IQ. Weekly price change is Jan. 13-Jan. 20. Includes only companies with market caps of $250 million or more.
Also among the week's worst performers were Johnson Controls
For Fulton Financial, it was a similar fate. Earnings per share clocked in at $0.18, which was a 12.5% increase from the fourth quarter of 2010, but it was also $0.02 shy of the target that Wall Street had set. By the time the smoke cleared for the week, Fulton's stock had shed just north of 10%.
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