Market diary.MARKET DIARY With energy and construction companies poised to benefit from the destruction caused by Hurricane Katrina 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 up 0.4 percent, to 10,481.60, the S&P 500 increased 0.9 percent, to 1220.33, 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 up 1.1 percent, to 2152.09. The LABJ LABJ Los Angeles Business Journal 200 stock index rose 1.4 percent to 123.48, with 94 stocks advancing and 96 stocks declining. Among industry sectors, energy and utility stocks jumped 4.8 percent on the expectation that shutdowns of oil facilities would keep crude oil prices high. Losers included restaurant, retail and grocery stores, off 2.5 percent. Among the leading gainers was Enova Systems Inc., a developer of drive systems for hybrid and electric-powered vehicles, up 35 percent, to $5.40, after announcing a development program. Staar Surgical Co. was up 13.3 percent, to $5.11, after announcing that regulators began inspecting its facility in a step toward bringing the company's implantable contact lens implantable contact lens Ophthalmology A refractive lens implanted over the natural lens of the eye for correcting myopia and farsightedness. See Myopia. to market. Among the biggest losers was Tag-It Pacific Inc., a garment trim manufacturer, off 10.9 percent, to 90 cents, suffering from continued fallout from a planned workforce reduction. |
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