Los Angeles Business Journal

LA FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

Stocks Rise; Xencor is Up, Unico American Tanks

The Dow Jones industrial average rose one point in Tuesday trading to close at 17,813. The S&P 500 was flat at 2,089. The Nasdaq rose 13 points to 5,116. The LABJ Stock Index rose one point to 245.

Stocks Rise; TrueCar Surges, Second Sight Medical Products Tanks

The Dow Jones industrial average rose 20 points in Tuesday trading to close at 17,812. The S&P 500 rose three points to 2,089. The Nasdaq was flat at 5,103. The LABJ Stock Index fell one point to 244.

Stocks Fall; Ceres Soars, Daily Journal Sinks

The Dow Jones industrial average fell 31points in Monday trading to close at 17,793. The S&P 500 fell three points to 2,087. The Nasdaq fell two points to 5,102. The LABJ Stock Index was flat at 244.

Preferred Bank Closes N.Y. Buy

Preferred Bank, a downtown Los Angeles bank that focuses on lending to Chinese-American businesses, announced Monday it has completed its acquisition of United International Bank, a small Chinese-American bank in Flushing, N.Y.

Skechers, OSI Systems Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies was up 5 percent for the week to close at 244. Gainers outpaced losers 108 to 41. Six companies closed the week unchanged.

Stocks Rise

The Dow Jones industrial average rose 91 points in Friday trading to close at 17,824. The S&P 500 rose 8 points to 2,089. The Nasdaq rose 31 points to 5,105. The LABJ Stock Index rose 2 points to 244.

Stocks Fall; Ritter Pharmaceuticals Rises, Rentech Sinks

The Dow Jones industrial average fell 4 points in Thursday trading to close at 17,733. The S&P 500 fell 2 points to 2,081. The Nasdaq fell 2 points to 5,074. The LABJ Stock Index was flat at 242.

Stocks Rise; Skechers Soars, Second Sight Medical Products Tanks

The Dow Jones industrial average rose 248 points in Wednesday trading to close at 17,737. The S&P 500 rose 33 points to 2,084. The Nasdaq rose 89 points to 5,075. The LABJ Stock Index rose 1 point to 239.

Stocks Rise; United Online Soars, Capstone Turbine Tanks

The Dow Jones industrial average rose 238 points in Monday trading to close at 17,483. The S&P 500 rose 30 points to 2,053. The Nasdaq rose 57 points to 4,985. The LABJ Stock Index rose 3 points to 236.

Stocks Fall

The Dow Jones industrial average fell 56 points in Wednesday trading to close at 17,702. The S&P 500 fell 7 points to 2,075. The Nasdaq fell 16 points to 5,067. The LABJ Stock Index fell 1 point to 239.

Stocks Mixed; Kite Pharma Rises, Rentech Sinks

The Dow Jones industrial average rose 28 points in Tuesday trading to close at 17,758. The S&P 500 rose 3 points to 2,082. The Nasdaq fell 12 points to 5,083. The LABJ Stock Index was flat at 240.

Stocks Fall; Motorcar Parts of America Soars, Capstone Turbine Tanks

The Dow Jones industrial average fell 180 points in Monday trading to close at 17,730. The S&P 500 fell 21 points to 2,079. The Nasdaq fell 52 points to 5,095. The LABJ Stock Index fell 1 point to 239.

NantKwest, Stamps.com Among This Week’s Movers

The Los Angeles Business Journal’s index of the largest local public companies was up for the week. The weighted LABJ index rose 1 percent to close at 240, with gainers outpacing losers 97 to 55. Three companies closed the week unchanged.

Stocks Mixed

The Dow Jones industrial average rose 47 points in Friday trading to close at 17,910. The S&P 500 fell 1 point to 2,099. The Nasdaq rose 19 points to 5,147. The LABJ Stock Index was flat at 240.

Stocks Fall; MRV Communications Rises, Ducommun Sinks

The Dow Jones industrial average fell 4 points in Thursday trading to close at 17,863. The S&P 500 fell 2 points to 2,100. The Nasdaq fell 15 points to 5,128. The LABJ Stock Index was flat at 240.