Market diary.The week ending Oct. 4 was a good one for the markets, which saw 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. for the first time in nearly six years close at a record high on Oct. 3 and Oct. 4, reaching 11850.60, up 1.4 percent for the week and 10.6 percent for the year. The Nasdaq posted a gain of 1.2 percent, closing at 2290.95, while the S&P 500 closed up 1 percent at 1350.22. The LABJ LABJ Los Angeles Business Journal 200 was the laggard for the week, closing up a mere 0.4 percent at 134.84. Among local stocks, advances outpaced declines 102 to 84. There were 13 new highs--including Summa Industries, Trio Tech International, and DirecTV Group Inc.--against only four new lows, including Universal Detection Technology. Energy/utilities, software and automotive/plastics/metals were the sectors posting the biggest percentage gains for the week, while computers/peripherals/electronics were the biggest percentage losing sectors. Among individual companies, shares of Wesco Financial jumped 13.2 percent to a 52-week high of $456 as the rental and leasing services industry reacted to news of a consortium buying out competitor GATX GATX General American Transportation Corporation Air for $1.46 billion. WPT WPT World Poker Tour WPT Waypoint WPT Wisconsin Public Television WPT Watson Poker Tour WPT Wonderlic Personnel Test WPT Wavelet Packet Transform WPT Wireless Power Transmission WPT Windfall Profit WPT Wireless Personal Terminal WPT Word Processing Technician Holding Inc., promoter of the World Poker Tour For the PBS network with the same abbreviation, see . The World Poker Tour (Abbreviated WPT) is a series of international poker tournaments featuring most of the world's professional players. , fell 11 percent to $3.51 following the passage of Congressional legislation that outlawed Internet gambling. The company operates an online gaming site that already prohibits U.S. gamblers. |
|
||||||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion