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Tickers in this Article: NEM, GOLD, GG, SLW, SCHN, RGLD, CF
On a bad day for the market, the Nasdaq is down 0.4%, the S&P 500 has declined 0.3% and the Dow has decreased 0.2%. The basic materials sector is the category of stocks that accounts for companies involved with the discovery, development and processing of raw materials. This sector includes the mining and refining of metals, chemical producers and forestry products. The basic materials sector is sensitive to changes in the business cycle. Because the sector supplies materials for construction, it depends on a strong economy. This sector is also sensitive to supply and demand fluctuations because the price of raw materials, such as gold or other metals, is largely demand driven.

The Basic Materials sector (XLB) is down 0.1%, outperforming the market overall. Currently, the biggest movers in the sector are:
CompanyMarket CapPercentage Change
Newmont Mining (NYSE:NEM)$22.36 billion-3.4%
Randgold Resources Ltd (Nasdaq:GOLD)$9.48 billion-3%
Goldcorp Inc (NYSE:GG)$31.05 billion-3%
Silver Wheaton Corp (NYSE:SLW)$13.46 billion-3%
Schnitzer Steel Industries (Nasdaq:SCHN)$764.7 million+2.3%
Royal Gold (Nasdaq:RGLD)$5.38 billion-2.1%
CF Industries (NYSE:CF)$13.18 billion-2.1%
Forex Broker Summary: UFXMarkets

Newmont Mining (NYSE:NEM) is down 3.4% to reach $43.97 per share. So far today, 2.7 million shares have changed hands. This is in keeping with its current three-month average.

Randgold Resources Ltd (Nasdaq:GOLD) is trading at $100.00 per share, down 3%. At 319,015 shares, the company's volume so far today is consistent with the volume from yesterday.

Goldcorp Inc (NYSE:GG) has fallen 3% and is currently trading at $37.12 per share. This morning, the company is trading a volume of 2.3 million shares.

Silver Wheaton Corp (NYSE:SLW) has decreased to $36.87 per share, a 3% fall. At 1.6 million shares, the company's volume so far today is in line with the current daily average.

Schnitzer Steel Industries (Nasdaq:SCHN) is currently trading at $29.69 per share, a 2.3% increase. This morning, the company is trading a volume of 116,180 shares. This is consistent with its current three-month average.

Royal Gold (Nasdaq:RGLD) is currently trading at a share price of $81.87, a 2.1% decline. This morning, 162,999 shares have been traded, lighter than yesterday's volume of 980,895 shares.

Falling 2.1%, CF Industries (NYSE:CF) is currently at a share price of $205.26. So far today, the company's volume is 376,572 shares.

The Bottom Line The nature of the market is such that stocks will have good days and bad days. Daily stock performance should be weighed against historical performance and put in context of the market overall. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.

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