PORTLAND, Ore — A very late Friday rally on Wall Street didn't do Oregon's public companies much good.
The Dow closed at 25,409, a 1.39 percent drop over Thursday's close. For the week, the Dow 30 lost 12.3 percent, easily sinking into correction territory.
The index was joined on the correction side — with its 10 percent value drop — by the S&P 500 and Nasdaq. The S&P lost 0.82 percent of its value on Friday and 11.4 percent since last Friday's close. The Nasdaq actually gained ground today, picking up 0.83 points for a 0.01 percent gain. The index lost 10.5 percent of its value over the past week.
Locally, Digimarc (Nasdaq: DMRC) lost the most ground both over the past week and since the beginning of the year. The stock lost 28.9 percent since Feb. 21 and 37.4 percent of its value since Jan. 1, according to research from American City Business Journal, the Portland Business Journal's parent.
Over the past week, FLIR Systems (Nasdaq: FLIR) lost 28.3 percent while Umpqua Holdings Corp. (Nasdaq: UMPQ) lost 14.1 percent. Northwest Natural Natural (NYSE: NWN) lost 14 percent, a shade ahead of Nike Inc. (NYSE: NKE), which lost 13.9 percent.
After Digimarc, Schnitzer Steel Industries (Nasdaq: SCHN) has lost the most value since Jan. 1, closing today at 25.7 percent lower than what it logged when 2020 began. Greenbrier Companies (NYSE: GBX) has lost 24.9 percent of its stock value since the year began while FLIR lost 20.7 percent and Lithia Motors Inc. (NYSE: LAD), the state's second-largest public company, has lost 20.4 percent of its share-price value.
Schnitzer Steel and Lattice Semiconductor (Nasdaq: LSCC) were the only two Oregon companies to gain ground Friday.
Intel Corp. (Nasdaq: INTC) lost just 0.56 percent on Friday, closing at $55.52. Still, the company ended the week 13.4 percent lower than what it closed at on Feb. 21, at $55.66.
Portland Business Journal is a KGW News partner.
