Market diary.The market posted a small decline for the week ended April 11 on word from the Federal Reserve that the economy may slow and inflation may appear--a sign that higher interest rates may be in the offing coming; arriving in the foreseeable future. visible but not nearby. See also: Offing Offing . 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. retreated to 12,484.6, a 45 point drop over the week. However, 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 and the Standard & Poor's 500 Index were essentially flat, sliding by less than a point. The LABJ LABJ Los Angeles Business Journal 200 index of local stocks also fell less than a point to close at 140.83 with 82 issues advancing and 109 declining. Shares of the LABJ index's industry groups were mixed, with half of the 18 sectors in the red and the other half in positive territory. The software sector was a winner while aerospace, computer peripherals and electronics and real estate turned in percentage losses. House of Taylor Jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. Inc. was the biggest loser, down 18 percent for the week with no apparent market trigger. High-tech transportation manufacturer Enova Systems Inc. continues its dramatic rise as the biggest winner for the second week in a row, rising 53 percent to $7.90. Other notables were Simulations Plus Inc., up 28 percent for the week and 612 percent for the year, and Tag-It Pacific Inc., up 37 percent after the fashion manufacturer announced it had recovered from a massive loss of $29.5 million in 2005 to record a modest profit of $309,000 last year. |
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