Stocks sink on 2016's first day of trading
Jan. 4, 2016
by Lawrence Aylward
KANSAS CITY, Mo. – The first day of trading for 2016 did not exemplify a happy new year for stocks, which plunged Monday around the world because of growth fears in China. Some publicly traded meat and poultry companies mirrored the market’s loss.
The Dow plummeted 450 points before recovering and ended the day losing 276 points or 1.6 percent before closing at 17,048. The S&P was down 31.4 points (1.5 percent), and NASDAQ lost 104 points (2 percent).
Here’s how the stocks of some meat and poultry companies performed:
• Kraft Heinz Co. (KHC) was down .2 percent to 72.61.
• ConAgra Foods (CAG) was down 1.6 percent to 41.46.
• Tyson Foods Inc. (TSN) was down .75 percent to 52.93.
• Pilgrim’s Pride (PPC) was down 1.4 percent to 21.86.
• Hormel Foods Corp. (HRL) was down 1.2 percent to 78.16.
• Bob Evans Farms Inc. (BOBE) was down 1.4 percent to 38.29.