Market diary.The major market indices all closed in negative territory for the week ended April 13 as higher bond yields and weaker-than-expected retail sales data raised concerns about consumer spending. 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 0.8 percent to 10,403.90; the S&P 500 fell 0.9 percent to 1,173.79; 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 1.2 percent to 1,974.37. The LABJ LABJ Los Angeles Business Journal 200 Index of local stocks ended the week down 0.4 percent, with declines leading advances 115 to 76. Ten companies reached new highs and eight hit new lows. The energy and utilities sector fell 4.9 percent and the automotive plastics and metals sector fell 3.9 percent. On the plus side, the biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. and pharmaceutical sector rose 4.2 percent. Among individual gainers, Mossimo Inc. rose 17.6 percent to $4.15 after its founder, Mossimo Giannulli, offered to take the company private for $4 a share. IRIS International Inc. rose 22.4 percent to $14.35 a share after a new product for analyzing body fluids received Food and Drug Administration approval. Jamdat Mobile Inc. was up 10.9 percent after receiving new funding. Losing ground was recreational vehicle maker Rexhall Industries Inc., whose shares fell 33.3 percent to 23 cents each. 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 Enterprises Inc. shares fell 18.4 percent to $14.70 after its chief executive was replaced and concerns emerged that online poker might be a fad. |
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