Market diary.

The stock market again reacted strongly to a surge in Treasury bond yields on Wednesday and its potential impact on real estate and merger activity. Investors lopped off earlier gains in the Dow Jones industrial average to leave the index up only 7 points to 13,489.4 for the week ended June 20. The Standard & Poor's 500 index was down 2.83 points to 1,512.84, but the Nasdaq gained 17.65 to 2,599.96. The LABJ 200 index was nearly flat, up about a tenth of a point to 142.65, with gainers narrowly outpacing losers 99 to 93. Twenty-three stocks hit 52-week highs during the week, including Occidental Petroleum Corp., Jacobs Engineering Group and Korn/Ferry International. Only seven stocks hit 52-week lows, including Warner Music Group, which was rumored to making a new bid for EMI Group pc after an earlier bid failed. Among the biggest gainers was Tarrant Apparel Group, up 16 percent after investors absorbed revelations the Securities and Exchange Commission was investigating the clothing firm's defunct deal to buy the Buffalo Group. Up by 12 percent was Hansen Natural Corp., as Goldman Sachs issued an upgrade on the drink maker's stock; in subsequent days, the stock declined slightly on lower-than-expected earnings. Among the biggest losers was Cherokee Inc., which fell 15 percent after the company released an earnings report that fell below analysts' expectations.