Market diary.Stocks partially rebounded for the week ended March 29 after a massive sell-off sparked by the Federal Reserve's decision to raise interest rates. The Standard & Poor's 500 Index fell 0.2 percent to 1,302.89, while 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 0.9 percent to 11,215.70. 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 rallied to its best close in five years, up 1.5 percent to 2,337.78. The small cap LABJ LABJ Los Angeles Business Journal 200 Index rose 0.7 percent to 130.80. On the LABJ 200, advancers outpaced decliners 125 to 69, with six issues unchanged; 28 stocks hit new highs and two sank to new lows. Automotive and plastics firms rose 6 percent, followed by Internet stocks, up 5.5 percent; and construction and engineering firms, up 4.4 percent. On the downside On the Downside is an EP by the San Diego, California band Counterfit, released by Alphabet Records in 2000. It was the band's first EP, recorded shortly after the members had relocated to San Diego from Fairfield County, Connecticut. , aerospace and defense firms lost 1.6 percent and software fell 1.4 percent. One of biggest winners was Ameron International Corp., a maker of steel, fiberglass and reinforced concrete pipes, which rose 18 percent to $70.88 a share. J2 Global Communications j2 Global Communications (Nasdaq:JCOM) is a company based in Hollywood, California that offers messaging and communications services. Its most popular service is called "eFax", which allows users to send and receive faxes via the Internet. j2 was previously called JFAX. Inc. jumped 12 percent to $46.67 after the company filed its annual report, which had been delayed because of audit issues. Reinhold Industries Inc., a maker of custom components for the defense and aerospace industries, fell 6 percent to $10.07 a share. The company said in February that possibilities include a possible sale. |
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