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Market diary.


Soaring oil prices and rising interest rates were the dominant themes in a week that saw Chevron Corp. complete its takeover of El Segundo-based Unocal Corp. and Whirlpool Corp. up its bid for Maytag Corp. For the week ended Aug. 10, 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 1 percent to 10,594.40; 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 2.7 percent to 2157.81 and the S&P 500 dropped 1.3 percent to 1229.13. The LABJ LABJ Los Angeles Business Journal  200 Index of local stocks fared worse, falling 2.8 percent to 126.44, with 61 stocks advancing, 127 declining and 12 remaining unchanged. Despite the down week, 14 stocks hit new highs and just two hit new lows. The index was dragged down by the real estate sector, which fell 6.8 percent, and construction/engineering dropped 5.7 percent. Automotive/plastics/metals was on of the few bright spots, rising 0.8 percent, while Internet stocks nudged up 0.2 percent. On the upside, Homestore Inc. rose 55.6 percent, to $4.03, after reporting positive earnings and beating analyst expectations. Fuel-cell maker Enova Systems Inc. rose 17.6 percent after raising $18 million in a listing on London's AIM exchange. But shares of digital video surveillance company Global e-Point Inc. fell 26.2 percent to $5.22 as merger talks with X-ray screener Astrophysics Inc. stalled, and WPT WPT World Poker Tour
WPT Waypoint
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WPT Watson Poker Tour
WPT Wonderlic Personnel Test
WPT Wavelet Packet Transform
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 Enterprises Inc. fell 16.6 percent to $16.98 on continuing disillusionment Disillusionment
Adams, Nick

loses innocence through WWI experience. [Am. Lit.: “The Killers”]

Angry Young Men

disillusioned postwar writers of Britain, such as Osborne and Amis. [Br. Lit.
 with gaming stocks.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Chevron Corp. acquires Unocal Corp. and Whirlpool Corp. acquires Maytag Corp.
Comment:Market diary.(Chevron Corp. acquires Unocal Corp. and Whirlpool Corp. acquires Maytag Corp.)
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 15, 2005
Words:244
Previous Article:Sour deal behind it, Tetra Tech gets in position for turnaround.(Albert Smith appointed)(Company Profile)
Next Article:Market indexes.(THE LABJ STOCK INDEX: TRACKING 200 SELECTED LOS ANGELES COUNTRY-BASED COMPANIES)(Illustration)
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