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New Jersey 50 Index reveals mixed market activity for NJ stocks

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An analysis of New Jersey City University’s New Jersey 50 Index shows 15 New Jersey-based companies outperformed the major stock market indices in February.

The NJCU 50 Index is a joint project of the NJCU School of Business and Standard & Poor’s launched in December.

Less positively, the 50 Garden State public companies listed in the NJCU index fell 4.6 percent on average, while the Dow Jones Industrial Average fell 4.3 percent and the S&P 500 fell 3.9 percent.

The New Jersey index was off 2.6 percent for the year headed into the March 1 trading session.

Meanwhile, the trading volatility that occurred in many companies in the broader market has also been evident in the NJCU50. Trenton-based Universal Display, which makes organic light-emitting diode display products, saw its shares fall by 25 percent in the first two months of 2018 after rising by more than 200 percent in 2017.

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David Hutter

David Hutter

David Hutter grew up in Darien, Conn., and covers higher education, transportation and manufacturing for NJBIZ. He can be reached at dhutter@njbiz.com.

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