It was another down day on Wall Street, and for the WWD Global Stock Tracker.
The Tracker slipped 0.3 percent to end the week at 98.38. The Dow Jones Industrial Average saw a decline of 0.7 percent to 16,544.10. Investor concerns over a weaker global economic backdrop continued to drag down the equity markets. A stronger dollar and the possibility of a rate hike also contributed to the volatility this week.
The top four worst performing stocks were again U.S.-listed firms. J.C. Penney Co. Inc. lost the most ground, down 6.8 percent to $7.12. Quiksilver Inc., which has an activist investor pushing for the board to consider a sale of the teen retailer, lost nearly 6.8 percent to $1.51. Sears Holdings Corp., fell 6 percent to $24.78, which American Apparel Inc. was down nearly 6 percent to 61 cents.
The top four best performing stocks were also of U.S.-based firms. Revlon Inc. rose 2.7 percent to $31.93. Ross Stores Inc. posted a 1.8 percent gain to $77.54, while TJX Cos. Inc. increased nearly 1.8 percent to $61.57. Rounding out the top four was Avon Products Inc., which on Friday saw Moody’s lower its corporate credit rating. Avon rose 1.7 percent to $11.24.
All major global indices also ended their trading sessions for the week on a down note. The DAX in Frankfurt, which posted a 0.1 percent increase on Thursday, gave up those gains and then some after losing 2.4 percent to 8,788.81. The CAC 40 in Paris fell 1.6 percent to 4,073.71, while the FTSE 100 in London was down 1.4 percent to 6,339.97. The FTSE MIB in Milan slipped 0.9 percent to 19,200.97.