Market diary.

The week ending June 13 was a wild one for the markets, which went on a roller coaster ride before finishing near where they started. Jitters about inflation and the prospect of higher interest rates drove the markets down, while stronger-than-expected retail sales figures and a bond market rally helped them recover. The Dow Jones Industrial Average gained 16 points or 0.1 percent on the week, closing at 13,482. The broader Standard & Poor's 500 index fell 1.71 points, or 0.1 percent, to 1,515.67, while the tech-dominated Nasdaq index fell 4.87 points or 0.2 percent to 2,582.18. However, the LABJ 200 index of local stocks bucked the national trend with a substantial drop of 1.4 percent, closing at 142.55 as 127 stocks dropped and only 70 advanced. Thirteen of the 18 local industry sectors declined, including a 5.2 percent drop among Internet stocks that was led by plunges in the stocks of Artistsdirect Inc. and AdStar Inc. Five sectors showed only modest gains, led by a 1.2 percent rise in biomedical/pharmaceutical and computer stocks. Among the big gainers in the biomedical arena was MannKind Corp., which jumped 26 percent to $13.21 as the stock rebounded from a sharp drop following the announcement of a lawsuit settlement. Overall, only seven stocks hit 52-week highs during the week, while eight stocks hit 52-week lows.