Market diary.Stocks were mixed in the week ended May 25, as benign inflation news was offset by rising oil prices and a growing consensus that the economy is slowing. 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 rose 1 percent to 2050.12 and remains down 5.8 percent year-to-date. The S&P 500 Index rose 0.4 percent to 1,190.11, and is down 1.8 percent so far this year. 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 0.1 percent to 10,457.80, and is down 3 percent for the year. The LABJ LABJ Los Angeles Business Journal 200 Index of local companies rose 0.9 percent, with the energy and utilities and computer sectors showing the most strength. Year-to-date, the LABJ 200 is down 0.2 percent. Losing ground in the past week was the software sector, down 3.2 percent as game makers Activision Inc., THQ THQ Toy Headquarters THQ Territorial Headquarters THQ Tehsil Headquarters (Pakistan) THQ The Holy Quran THQ Theater Headquarters Inc. and Jamdat Mobile Inc. each declined. Locally, advances edged declines 98 to 94, while eight stocks were unchanged. Fifteen local stocks set new 52-week highs, and five hit new lows. Among the biggest gainers were Culver City-based Alliance Bancshares, up 20.5 percent to $13.25 a share, and Vernon-based frozen-foods vendor Overhill Farms Inc., up 26.7 percent to $3.18. The most active stock in the LABJ 200 was Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co., which gained 0.5 percent to $27.65 on weekly volume of 33.7 million shares. |
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