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Consumer stocks slide in April on recession fears

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disappopint May 2, 2012 (Chinavestor) Fears that China will experience a possible hard landing send consumer stocks tumbling in April. Consumer cyclical and consumer durable stocks fell the hardest among U.S. listed Chinese stocks, according to Chinavestor calculations. Technology was hurt by Inc. (NASDAQ:BIDU) and (NASDAQ:SPHU), two prominent internet stocks.

Transportation stocks were hurting too, but have started to bottom out in the middle of the month. Since then Chinese airliners bounced back strongly and continue to show strength.

Utilities, represented by Huaneng Power Int. (NYSE:HNP) was strong as well as stocks from the Capital Goods sector.


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