Value of Financials company Northeast Indiana Bancorp Inc. (NIDB:QBB) based in Huntington fell 99% in week ending July 15

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Value in Financials stocks rose 11.4 percent in the week ending July 15 from the previous week.

The strongest performing Financials company in Indiana was Andretti Acquisition Corp (WNNR:NYQ), sitting 276.6 percent higher to sell at $10.59.

Northeast Indiana Bancorp Inc. (NIDB:QBB) fared the worst among Indiana companies, suffering a 99 percent drop to $41.

Among Huntington companies, Northeast Indiana Bancorp Inc. (NIDB:QBB) saw the biggest fall in value of 99 percent in the week ending July 15.

The Financials sector was the week’s best-performing sector on the market. The market is divided into 11 different sectors.

Consumer Staples was the worst-performing sector.

Healthcare and technology stocks are viewed as the safest bets for long-term gains.

Besty Kuekcer with Benzinga.com said healthcare-related stocks, such as hospital conglomerates and insurance companies, have weathered numerous economic crises and still make a profit, suggesting that they are generally a stable investment.

While technology stocks can be more risky, given the boom-bust nature of new tech companies, Kuecker recommended a diverse portfolio of tech companies to strike it big when companies succeed or sell to other larger companies.

For short-term investments, Kuecker recommended “consumer discretionary” stocks, which are sensitive to economic changes but can rise greatly on the back of a strong economy.

Nothing in this article is to be assumed as financial advice.

Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.

Rank of stock market sectors in week ending July 15

Sector% ChangeHighest Positive ChangeLargest Negative Change
Financials11.4%1,028,409.1%-100.0%
Technology4%82,206.7%-100.0%
Consumer Discretionary3.4%91,721.8%-97.1%
Telecommunications3.2%2,558.7%-92.2%
Basic Materials2.8%4,962.4%-91.9%
Real Estate2.6%8,800.8%-97.7%
Industrials2%5,985.1%-97.6%
Health Care1.8%21,940.2%-99.9%
Energy0.9%2,217.8%-98.9%
Utilities-0.7%2,812.8%-92.3%
Consumer Staples-0.9%2,309.4%-97.8%

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