Market diary.The major indexes saw only modest movement in the week ended Jan. 26. The Dow Jones Industrial average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. fell 0.4 percent, the S&P 500 fell 0.9 percent and the Nasdaq Composite Index Nasdaq Composite Index An index that indicates price movements of securities in the over-the-counter market. It includes all domestic common stocks in the Nasdaq System (approximately 5,000 stocks) and is weighted according to the market value of each listed was down 1.3 percent. Local stocks in the LABJ LABJ Los Angeles Business Journal 200 fell 0.5 percent in the week. Health care was the biggest loser among local sectors, declining 2.9 percent, followed by real estate, down 2.8 percent; and Internet companies, off 2.3 percent. While the Internet was down, software was up 2.3 percent for the week. Construction/engineering and manufacturing companies also got a small boost. For the week, decliners outpaced advancers 117 to 76, but 12 local stocks managed to hit new 52-week highs; only eight hit new lows. Biggest gainers were Pasadena-based Jacobs Engineering Group Jacobs Engineering Group Inc. (NYSE: JEC), a publicly traded company with annual revenues approaching $7 billion, provides professional technical services. Headquartered in Pasadena, CA, Jacobs offers support to industrial, commercial, and government clients across multiple , up $4.63 to 50.63 per share on strong first-quarter earnings. Hot Topic Inc. also had an up week, gaining $1.32 to close at $18.21 per share after strong net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight numbers were released earlier this month despite declining same-store sales. Among decliners, IMPCO Technologies Inc. fell 14.6 percent by losing 96 cents to close at $5.62 per share after reporting an operating loss of $1.4 million and filing a shelf registration statement for the offering of 4 million shares of common stock that could yield $60 million. |
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