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Sunday, September 22, 2024

Rochester-based Health Care company Vaccinex Inc. (VCNX:NAQ) sees value rise 440% on Sept. 7

Stock market 26 edited

Value in Health Care stocks fell 3.1 percent on Sept. 7 from the previous day.

The strongest performing Health Care company in New York was Lucid Diagnostics Inc. (LUCD:NMQ), sitting 254,319.8 percent higher to sell at $2.21.

IN8BIO, Inc. (INAB:NMQ) fared the worst among New York companies, suffering a 100 percent drop to $2.28.

Among Rochester companies, Vaccinex Inc. (VCNX:NAQ) saw the highest rise in value of 440 percent on Sept. 7.

The Consumer Staples sector was the daily best-performing sector on the market.

Telecommunications 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 on Sept. 7

Sector% ChangeHighest Positive ChangeLargest Negative Change
Consumer Staples67.3%211,122,579%-100%
Technology9.1%185,083,147.6%-100%
Utilities5.6%26,478,069.2%-100%
Real Estate1.9%47,534,232.7%-100%
Basic Materials1.3%27,625,353.1%-100%
Industrials0.5%307,805,821.1%-100%
Consumer Discretionary-2.2%71,927,572.2%-100%
Health Care-3.1%241,300,168.1%-100%
Energy-5.3%65,617,464.6%-100%
Financials-6.1%177,504,358.1%-100%
Telecommunications-10.7%7,471.3%-59.1%

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