THE LABJ STOCK INDEX.
MARKET DIARY
TRACKING 200 SELECTED LOS ANGELES COUNTY-BASED COMPANIES
The LABJ 200 index bounced back last week, rising 2.4 percent. That
still leaves the index of locally based stocks down 4.2 percent for the
year, but that performance is nowhere near as bad as that of the Nasdaq,
which is off 21.1 percent so far this year. The three best-performing
L.A.-based stocks last week are all IPOs. Accelerated Networks Inc.
jumped 34.5 percent, Simple Technology Inc. gained 28.8 percent and
Capstone Turbine Corp. rose 26.7 percent. Meanwhile, local dot-coms
continued to get hammered on Wall Street. Several online outfits were
among the top losers of the week. 3Dshopping.com was the worst hit,
losing 73.0 percent of its market value. Year to date, the
company's value has plummeted by more than 90 percent.
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