Market diary.MARKET DIARY Stocks were broadly higher in the week ended Nov. 17, as falling crude oil prices, strong earnings and prospects for an uptick in the economy all led to investor optimism. 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. gained 1.6 percent for the week, while the 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. rose 3.2 percent and the S&P 500 Index gained 1.6 percent. Local stocks in the LABJ LABJ Los Angeles Business Journal 200 Index gained 1.5 percent and are up 10.5 percent year to date. The best performing local sectors included communications, up 6.2 percent, Internet, up 5.4 percent and financial services, up 4.1 percent. Among the lagging performers were miscellaneous services, down 0.2 percent, media, leisure and entertainment, up 0.2 percent, and energy/utilities, up 0.8 percent. Advances outpaced declines 123 to 62, while 37 local stocks hit new highs versus seven new lows. Among the biggest gainers for the week were WPT WPT World Poker Tour WPT Waypoint WPT Wisconsin Public Television WPT Watson Poker Tour WPT Wonderlic Personnel Test WPT Wavelet Packet Transform WPT Wireless Power Transmission WPT Windfall Profit WPT Wireless Personal Terminal WPT Word Processing Technician Enterprises Inc., up 21.8 percent to $12.12; Tag-It Pacific Inc., up 17.3 percent; and North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Scientific Inc., up 12.4 percent. The biggest losers included JB Oxford Holdings Inc., down 9.9 percent to $2.65; AdStar Inc., down 17.3 percent to $1.10; and Peerless Systems Corp., down 10.7 percent to $1.25. |
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