Chemical industry indexes are the latest indicator of the global chemistry industry’s growing importance in shaping global supply chains, with companies from China to India leading the way.
The Chemical Industry Corporation of America is one such company, with a market capitalization of $1.2 billion and a market cap of more than $8 billion, according to Bloomberg data.
The company makes and supplies chemicals to the global pharmaceutical, medical device and agricultural industries, according the S&P Dow Jones Indices website.
The group makes products for use in pharmaceuticals, food and cosmetics, as well as other industries, including agricultural chemicals, biotechnology, biofuels and pesticides.
The chemical industry has grown rapidly in recent years, overtaking the cosmetics industry as the most valuable industry in the United States, according a recent report by the American Chemistry Council.
The index tracks more than 300 chemicals and chemicals chemicals products.
The Chemical Industry Council says the index’s focus on chemical companies “provides a critical indicator of whether companies in the chemical industry are poised to become leaders in the 21st century.”
The index includes chemicals that are produced in China, India, Russia, Japan and the United Arab Emirates.
The Dow Jones Industrial Average rose 3.7 percent, to 16,824.07.
The S&P 500 gained 2.4 percent, at 1,964.71.
The Nasdaq Composite gained 2 percent, or 2,078.70, to 4,084.07, while the Russell 2000 index lost 1.3 percent, falling 1.2 percent.
The Dow Jones industrial average is up 6.2 points.
The Nasdaq is up 10.9 points.
The industry is growing at a faster pace than the U.S. economy as a whole, according one indicator of economic activity that the S.&%s Bureau of Labor Statistics tracks, which tracks the number of jobs created in each of the past seven months.
The Bureau of Economic Analysis has said the U,S.
jobs growth rate has slowed to its lowest level in almost six years.
The rate was 0.5 percent in February, the BLS said in February.
The S& index has gained about 1.5 percentage points in the past month, a more rapid pace than most of the indexes.
The BLS’ data show a slight uptick in manufacturing activity, though that may reflect a temporary slowdown in factory activity.
The average annual price of a gallon of gasoline fell to $3.94 on Friday from $3,942 a year ago, the lowest since Nov. 17.
Gasoline prices are up 2.3 cents a gallon on average since the beginning of the year, according data compiled by Bloomberg.
The index for gasoline rose 2.5 points, or 0.9 percent, Friday to 20,937.77.