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Market diary.


For the weak ended Sept. 26, major indices were mixed even as investors cheered a tentative labor agreement reached by General Motors and the United Auto Workers The United Auto Workers (UAW), headquartered in Detroit, Michigan, officially the United Automobile, Aerospace & Agricultural Implement Workers of America International Union  following a two-day strike. 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.
 closed up 0.5 percent to 13878.20. 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
 rose 1.2 percent to 2699.03. Conversely, the Standard & Poor's 500 Index was down 0.2 percent to 1525.42. The LABJ 200 Index was off 0.8 percent to 138.32, with declining issues outpacing advancers by 111 to 78. Defense contractor AeroVironment Inc. jumped 16 percent after announcing an unmanned aircraft system contract with the United States Special Operations Command The United States Special Operations Command (USSOCOM or USSOC) is the Unified Combatant Command charged with overseeing the various Special Operations Commands (SOC or SOCOM) of each branch of the U.S. military. The command is part of the U.S.  valued at $57 million and reaffirming its fiscal 2008 guidance. Online marketing company Valueclick Inc. rose 13 percent on renewed speculation that it might be an acquisition target. On the downside, Fremont General Corp. dropped 28 percent after disclosing that an investor group wanted to revisit terms of a planned $80 million investment in the company's industrial bank. Home-builder Ryland Group Inc. dropped 20 percent on continued concern about the residential real estate market. Big 5 Sporting Goods Big 5 Sporting Goods (NASDAQ: BGFV) is a sporting goods retailer headquartered in El Segundo, California with 344 stores in 10 western states. Steven G. Miller is the Chairman, President, and CEO.  Corp. fell 13 percent after an analyst earlier in the weak lowered his third-quarter earnings estimate for the retailer.
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Title Annotation:THE LABJ STOCK INDEX: TRACKING 200 SELECTED LOS ANGELES COUNTY-BASED COMPANIES
Publication:Los Angeles Business Journal
Date:Oct 1, 2007
Words:208
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