81.1 F
San Fernando
Tuesday, May 30, 2023


Uncertainty over the U.S. and global economy drove the stock market down in the two-week period ended Feb. 5. The Dow Jones ended with a 5.7 decline while the tech-oriented Nasdaq exchange had a drop of 5.5 percent. The Valley 50 was little better with a decrease of 4.9 percent. Among the top gainers, Sport Chalet Inc. rose 4.3 percent after reporting its best earnings in seven years and seeing the benefits of cutting expenses. Internet service provider and social media website publisher United Online Inc. had the biggest decrease at 30 percent. The Woodland Hills company announced Jan. 31 it would stop distributing dividends to stockholders.

Featured Articles

Related Articles