Albemarle Corp
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Materials : Chemicals | Mid Cap Growth
Company profile

Albemarle Corporation is a developer, manufacturer and marketer of specialty chemicals, which serves its customers across a diverse range of end markets, including energy storage, petroleum refining, consumer electronics, construction, automotive, lubricants, pharmaceuticals and crop protection. It operates through three segments. Lithium segment develops and manufactures a range of basic lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and value-added lithium specialties and reagents, including butyllithium and lithium aluminum hydride. Bromine segment’s business includes products used in fire safety solutions and other specialty chemicals applications. Its fire safety technology enables the use of plastics by enhancing the flame-resistant properties of these materials. Catalysts segment offers three product lines, which includes Clean Fuels Technologies, fluidized catalytic cracking catalysts and additives, and performance catalyst solutions.


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-0.43 (-0.19%)
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SVB Bank on track for worst selloff in 23 years and Silvergate Capital tumbles after crypto troubles

2:19 pm ET March 9, 2023 (MarketWatch)

By Barbara KollmeyerCiara Linnane

GM hit by news of $1.5 billion charge to cover voluntary job cuts

These were some of the biggest movers among U.S. stocks on Thursday:

Stock gainers:

Stock decliners:

Sector move: The shares of U.S. banks and financial institutions fell across the board Thursday in tandem with the tumble in shares of SVB Bank. They accounted for 16 of the top 17 decliners on the S&P 500. Caught up in the downdraft were the shares of First Republic Bank (FRC), down 15%, Charles Schwab Corp. (SCHW), down 10%, Zion's Bancorp. (ZION) down 9%, Bank of America Corp. (BAC), down 6%, and Wells Fargo & Co. (WFC) and JP Morgan Chase & Co. (JPM), down 5%. The Financial Select Sector SPDR Fund (XLF) was down 3%.

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Live coverage of the Senate hearing on the Ohio train derailment, click here

-Barbara Kollmeyer


This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.


(END) Dow Jones Newswires

March 09, 2023 14:19 ET (19:19 GMT)

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