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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 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.
 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 LABJ Los Angeles Business Journal  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 Jacobs Engineering Group Inc. (NYSE: JEC), a publicly traded company with annual revenues approaching $7 billion, provides professional technical services. Headquartered in Pasadena, CA, Jacobs offers support to industrial, commercial, and government clients across multiple  and Korn/Ferry International. Only seven stocks hit 52-week lows, including Warner Music Group Warner Music Group (WMG) is one of the four major record labels.

Warner Music Group also has a publishing arm, Warner/Chappell Music, which dates back to 1929, when Jack Warner, president of Warner Bros. Pictures Inc.
, which was rumored to making a new bid for EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC.  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.
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Title Annotation:THE LABJ STOCK INDEX: TRACKING 200 SELECTED LOS ANGELES COUNTY-BASED COMPANIES
Publication:Los Angeles Business Journal
Date:Jun 25, 2007
Words:233
Previous Article:Bankruptcies.(Data Bank)
Next Article:Market indexes.(THE LABJ STOCK INDEX: TRACKING 200 SELECTED LOS ANGELES COUNTY-BASED COMPANIES)
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