Stocks of regional interest fared better than most Monday during a tumultuous day for financial markets – although virtually all saw declines as the sell-off that began with Friday’s opening continued.
Hecla Mining Co. was among the few Pacific Northwest stocks to counter the Nasdaq composite – down 3.8 percent by day’s end – with its closing price of $3.68, a gain of 2.8 percent.
On a day when the Dow Jones industrial average plummeted 1,175.21 points, or 4.6 percent, the performance of area stocks of interest generally beat the market, Boeing being the exception. The aerospace giant’s stock ended Monday down 5.7 percent.
Pacific Northwest banks mirrored the decline by that industry, spurred in part by Federal Reserve sanctions against Well Fargo and concerns about how the central bank will approach interest rate increases later this year in the face of rising inflation.
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