TSC 21: Continental, Maytag Pace Gains
TheStreet.com 21 got a lift from its airline, retail and appliance components Thursday and closed higher, although the gain trailed that of the broader markets.
The index, designed to peg the future direction of the economy, ended up 3.81 points, or 0.36%, to 1058.77, leaving it about 5.9% above its July 3 open at 1000. The
Dow Jones Industrial Average
finished the day up 40 points, or 0.4%, to 9374, while the
Nasdaq
jumped 18 points, or 1%, to 1800.
Sixteen of the index's 21 components rose, most in the absence of any obvious news catalyst.
Maytag
(MYG)
had the biggest percentage gain, running up $1.30, or 5.1%, to $26.88.
Continental
(CAL) - Get Caleres Inc. Report
was the next biggest gainer, rising 60 cents, or 4.2%, to $14.75, while
Kohl's
TheStreet Recommends
(KSS) - Get Kohl's Corporation Report
rose $1.85, or 3%, to $63.60.
Level 3 Communications
(LVLT)
continued to be one of the index's significant drags, falling 6 cents, or 1.3%, to $4.45. The telecom turnaround play has fallen steadily since the index's inauguration on July 3, when it stood at $5.94.
General Electric
(GE) - Get General Electric Company Report
, the index's main industrial conglomerate, also fell Thursday, dropping 7 cents, or 0.2%, to $29.68. The stock is up about a dollar since July 3.
Among the other stocks in the index rising,
Smurfit Stone Container
(SSCC)
rose 44 cents, or 2.8%, to $15.97, and
Tiffany
(TIF) - Get Tiffany & Co. Report
fell 56 cents, or 1.5%, to $38.41.
