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TSC 21: Selling Abates on Bullish Data

Nat Worden

TheStreet.com 21 index was virtually unchanged on Thursday amid mixed results in the broader market, news of a strong month for retailers and positive economic data.

The index dropped 0.17 point, or 0.02%, to 990.85, while the Nasdaq lost 0.47 point, or 0.03%, to close at 1,652.21. Meanwhile, the Dow Jones Industrial Average rose 64.71 points, or 0.71%, to 9,126.45 as the Labor Department reported an unexpected 5.7% increase in productivity in the second quarter and retailers celebrated their best month of the year.

Solectron (SLR) posted the biggest drop, falling 11 cents, or 2.33%, to $4.62. It was followed by Continental Airlines (CAL), which was down 25 cents, or 2%, to $12.25, and Yahoo! (YHOO), down 54 cents, or 1.83%, to $28.92.

Kohl's (KSS) lost 69 cents, or 1.14%, to close at $59.95, even though it reported a 21% sales increase and raised its profit outlook.

Belo (BLC), Cisco Systems (CSCO) and E*Trade (ET) also closed with less-than-1% losses.

Despite the slide in the overall index, a majority of 13 stocks had gains.

Best Buy (BBY) soared on strong July sales numbers, rising $5.81, or 14.28%, to $46.49. Level 3 Communications (LVLT) jumped 18 cents, or 3.95%, to $4.74, Devon Energy (DVN) climbed $1.42, or 2.86%, to $51.04, and Tiffany (TIF) was up 57 cents, or 1.72%, to $33.80.

The index now has 9.15 points to go to get back to where it started on July 3, at 1000. It's down 0.9%.

Want to know more about the TSC 21? Click here for an introduction, here to view the latest stories and here to view the entire chart of TheStreet.com 21 components, including the reasons for their inclusion.

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