Europe stepped aside for one day to allow China to take the stage and coerce investors to reach for the Pepto Bismol. HSBC issued its preliminary report on Chinese manufacturing activity for September, and the initial readings show it’s set to fall for an eleventh straight month. That’s bad news for metal and manufacturing companies, as well as those who count on China as a prime export partner. For the session, the S&P 500
Companies that helped the S&P 500
Chef Boyardee would be proud! ConAgra Foods
Oil and natural gas exploration and production company Denbury Resources
Companies that hindered the S&P 500
Thursday’s “disaster du jour” award goes, without question, to J.C. Penney
A new boom in energy?
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Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.
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