Market diary.Amid turmoil in Iraq, Wall Street's late March rally petered out as the month ended. Nevertheless, 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. , Nasdaq composite The Nasdaq Composite is a stock market index of all of the common stocks and similar securities (e.g. ADRs, tracking stocks, limited partnership interests) listed on the NASDAQ stock market, meaning that it has over 3,000 components. It is highly followed in the U.S. , S&P 500 and the LABJ LABJ Los Angeles Business Journal 200 Index all finished up for the week ended March 31. The Dow gained 3.1 percent, Nasdaq 4.4 percent, S&P 3.2 percent and the LABJ was up 2.7 percent. The broad S&P 500 ended the quarter in positive territory for the year, up 1.3 percent. The LABJ 200 is up 3.5 percent since Dec. 31. Locally, advances led declines by 140 to 46, with 28 stocks reaching new 52-week highs and only 3 reaching 52-week lows. The top gainer for the week was En Pointe Technologies Inc., an information technology firm that rose 63.4 percent on news of a pact it reached to provide services to the city and county of San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . Among the decliners was Flamemaster Corp., which fell 14.4 percent after announcing a restructuring; and CytRx Corp., which was off 8.9 percent after a 188 percent increase over the past year. Each of the 18 industry sectors in the LABJ 200 were up last week, with the exception of biomedical bi·o·med·i·cal adj. 1. Of or relating to biomedicine. 2. Of, relating to, or involving biological, medical, and physical sciences. and pharmaceuticals, which were flat. The software sector gained 14.6 percent. |
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