Market diary.With crude oil heading to the $70 a barrel mark and indications that demand for durable goods is slacking, the major market indices all turned in negative performances for the week ended Aug. 24. 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. was off 1.1 percent to 10,434.90, the S&P 500 fell 0.8 percent to 2128.91 and the Nasdaq Compesite Index dropped 0.9 percent to 1209.59. The LABJ LABJ Los Angeles Business Journal 200 stock index slid 3.8 percent to 121.81, with 103 stocks advancing and 90 declining. Among industry sectors, 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 pharmaceutical stocks were off 0.3 percent after the announcement of a $253 million award against industry giant Merck & Co. Inc. over its Vioxx drug. Also off were apparel stocks, by 4 percent. Gaining were software stocks, by 2.8 percent, and computers, peripheral and electronics, by 2.3 percent. Among the leading gainers was Capstone Turbine Corp., a maker of generators, up 23.5 percent, to $3.83, after a favorable eamings report this month. Crown Media Holdings Inc., which operates the Hallmark Channel, was up 20.6 percent, to $10.70, after announcing it was exploring selling the channel. Among the biggest losers was Tag-It-Pacific Inc., off 19.2 percent, to $1.01, after announcing it was restructuring amid poor quarterly eamings. 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., operator of the World Poker Tour For the PBS network with the same abbreviation, see . The World Poker Tour (Abbreviated WPT) is a series of international poker tournaments featuring most of the world's professional players. , fell 12 percent, to $12.82, after also reporting a second-quarter loss. |
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