US – AGEM Index falls by 9.4 per cent in DecemberBy Phil - 14 January 2019
The AGEM Index decreased in December 2018 by 41.73 points to 402.51 points, a 9.4 per cent decline from November 2018.
The AGEM Index’s December 2018 decline was due in large part to a 6.7 per cent decrease in the stock price of Aristocrat Leisure Limited, which dropped from AU$23.40 to AU$21.84. This stock was responsible for 16.23 points of the AGEM Index’s monthly decline. Crane Co. experienced a 16.4 per cent stock price drop from $86.37 to $72.18, which in turn led to a contribution of negative 11.70 points. Overall, the AGEM Index companies reported negative results in stock price performance during the month, with four trending positively and 10 moving negatively.
The poor monthly performance in the AGEM Index was reflected in the major stock indices, as the Dow Jones Industrial Average and the S&P 500 experienced decreases of 8.7 per cent and 9.2 per cent, respectively, while the NASDAQ dropped by 9.5 percent.