Embraer-Empresa Brasileira de Aeronautica SA (Embraer) ( ERJ) was down 2.2% after it was known that export credit providers for buying passenger aircraft will now charge airline companies a fee to bring the financial charges more in line with commercial rates.

Companhia Paranaense de Energia - COPEL ( ELP) and Tele Norte Leste ( TNE) were the other losers, declining 1% and 0.9%, respectively.
This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.

If you liked this article you might like

3 Stocks Advancing The Consumer Non-Durables Industry

3 Stocks Pushing The Consumer Non-Durables Industry Lower

3 Consumer Non-Durables Stocks Nudging The Industry Higher

3 Stocks Pushing The Consumer Non-Durables Industry Lower

3 Stocks Pushing The Consumer Goods Sector Lower