Market diary.

Investors took Fed Chairman Alan Greenspan's testimony to Congress as a sign interest rates could rise, and that led to declines across the major averages. The Dow Jones Industrial Average declined 0.6 percent for the week ended March 21. The Nasdaq composite was down 1.4 percent and the S&P 500 fell 0.4 percent. The LABJ 200 Index of local stocks dropped 0.7 percent, as decliners led advancers 122 to 64. Big winners for the week included shares of movie studio Metro-Goldwyn-Mayer Inc., which climbed 12.2 percent on a report that the company was seeking a buyer in talks with Sony Corp.'s movie division and a few private equity firms. Internet firm and penny stock Artistdirect Inc. climbed 30 percent. Losers include medical technology company Compumed Inc., which fell 27.6 percent, and skateboard maker Variflex Inc., which declined 26.1 percent. Six local sectors saw gains last week, including automotive, utilities, financial services, Internet and media. Technology stocks took the biggest hit last week, with communications companies declining 52 percent and computer electronics companies declining 4.2 percent.