Market diary.Stocks rose for the week ended Sept. 7, as oil prices moderated and cleanup efforts in New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded after Hurricane Katrina appeared to be getting on track. 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. rose 1.4 percent, the Nasdaq Composite Average rose 0.9 percent and the S&P 500 Index rose 1.3 percent. The LABJ LABJ Los Angeles Business Journal 200 Index of local stocks rose 1.4 percent, and is up 7.4 percent year-to-date, well ahead of any of the major averages. For the latest week, local advances led declines 136 to 54. Twenty companies in the LABJ 200 hit new 52-week highs, while three set new lows. The Internet led local sectors with a 3.2 percent price increase, followed by computers, up 2.5 percent, and the apparel and biomedical/pharmaceutical sectors, each up 2.2. percent. The only local sector to decline was software, which fell 0.5 percent. Among the week's biggest gainers was Specialty Laboratories Inc., up 24.2 percent to $13.49, with no apparent news. The New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. asked the company if there was a reason its stock was moving. SCPIE SCPIE Southern California Physicians Insurance Exchange Holdings Inc. shares rose 21.7 percent, to $16.85, also with no apparent news. Major decliners included Saehan Bancorp, down 15.5 percent to $24.50, and Reinhold Industries Inc., down 7.7 percent to $25 a share. |
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