Week 9 will no doubt be remembered as a crucial one in the 2012 Stock Market Challenge for local schools.
With the Dow Jones and other averages suffering mostly a down week, local teams competing in this educational exercise saw their profits reduced in most cases -some by considerable amounts.
Aaron Domanski's Mount Carmel Area team, which took over the lead from Shamokin Area in the high school division in Week 8, continued to hold the lead despite a nearly $9,000 drop in its total from $124,258 to $115,580. The second MCA team, with adviser Robert Scicchitano, remains less than $1,000 back, while Shamokin Area's team, advised by David Kopitsky, is in striking distance, too.
In the middle school division, Mount Carmel and Shamokin Area swapped the lead for the fourth straight week, with MCA now on top by less than $3,000.
The Stock Market Challenge, sponsored locally by Sunbury Motors and The News-Item, is organized by EconomicsPennsylvania.