Market diary.With oil prices hitting six-month lows and the Federal Reserve holding the line on interest rates hikes, the stock market put in another good showing for the week ended Sept. 20. 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. closed at 11,613.20, up 0.6 percent and just 100 points below its all-time high roached in 2000. For the year, the index is up 8.4 percent. The S&P 500 and the LABJ LABJ Los Angeles Business Journal 200 posted similar gains for the week, while the Nasdaq closed up 1.1 percent at 2,252.89. Among local stocks, advances led declines 105 to 85, with 15 issues hitting new highs and only eight hitting new lows. The software sector again led all industries with a 5.3 percent gain for the week, followed by manufacturing at 4 percent and restaurants/retail at 3.6. Automotive/plastics/metals posted the biggest losses at 3.7 percent for the week, followed by construction/engineering and energy/utilities, both oft oft adv. Often. Often used in combination: his oft-expressed philosophy; oft-repeated tales. [Middle English, from Old English; see upo in Indo-European roots. 2.6 percent. Among individual companies, shares of Hansen Han·sen , Gerhard Henrik Armauer 1746-1845. Norwegian physician and bacteriologist who discovered (1869) the leprosy bacillus. Natural Corp. rose 17 percent to $34.95 after Fortune Magazine ranked the firm No. 2 on its list of 100 fastest growing companies. Shares of Napster Inc. rose 14.8 percent to $3.95 after the firm announced it had retained UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Investment Bank to explore partnerships or a sale of the company. Among the biggest losers was Cherokee International Corp., which saw its shares fall nearly 14 percent to $3.36 as the stock retreated from a run-up in the previous week on news of a major contract. |
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