Tracking 200 Selected Los Angeles County-Based Companies.
Los Angeles Business Journal › July 21, 2003
Linked as:
Summary
Investments & Finance
See the full content of this document
Extract
Tracking 200 Selected Los Angeles County-Based Companies.
THE LABJ STOCK INDEX
TRACKING 200 SELECTED LOS ANGELES COUNTRY-BASED COMPANIES MARKET DIARY The major indexes were mixed last week as interest rate jitters and conflicting data left investors uncertain about the direction of the economy. The Dow Jones Industrial Average fell 0.7 percent, while the S&P 500 fell 0.8 percent. Meanwhile, the tech-heavy Nasdaq composite eked a fractional gain. Local stocks in the LABJ 200 fell 0.8 percent, despite advances outnumbering declines 98 to 90. The Internet was the strongest of the local sectors, rising 3 percent, while aerospace stocks rose 1.4 percent and biomedical and pharmaceutical names advanced 1.9 percent Declining sectors included construction and engineering issues, down 3.8 percent, financial services, down 2.3 percent, and health care, down 4.9 percent. Among the week's biggest gainers were On Assignment Inc., up 22.2 percent to $5.33, Homestore Inc., up 26.7 percent to $3.27 after announcing an alliance with the MSN online service, and Trio Tech International, up 30.9 percent to $3.18. Yahoo's $1.6 billion acquisition of Overture Services Inc. boos ted the Pasadena-based company's stock to $23.88 on July 16, up from $22.80 one week earlier. It was ...See the full content of this document
Sponsored links
