Market diary.The major market indices were mixed in the week ended April 6 as concerns about gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by inventories chipped away at earlier advances driven by moderating oil prices. 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. was down 0.5 percent to 10,486.00; the S&P 500 climbed 0.2 percent to 1,184.07; 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 fell 0.3 percent to 1,999.14. The LABJ LABJ Los Angeles Business Journal 200 index of local stocks ended the week up 0.5 percent, with declines leading advances 106 to 90, as 10 companies reached new highs and 10 reached new lows. The local software sector continued to struggle, down 1.5 percent, and computers and electronics were down 1.8 percent. The automotive-plastics-metals sector led local industries, up 6 percent. Among the leading gainers, National Lampoon Inc. was up 30.8 percent to $4.25 after signing an action sports production deal with Planet X Television, while Reliance Steel & Aluminum Co. was up 11.6 percent to $43.62 after raising its earning guidance due to rising metals prices. On the down side, Nara Bancorp Inc. was off 12.7 percent, to $15.06, after announcing it would restate re·state tr.v. re·stat·ed, re·stat·ing, re·states To state again or in a new form. See Synonyms at repeat. re·state its 2002 financial results, and Tag-It Pacific Inc. was down 18.8 percent to $4.09 after announcing that it may modify its previously announced 2004 financial results. |
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