TSC 21: Decliners Carry the Day
A triumphant week for TheStreet.com 21 ended on a down note Friday, when 19 out of 21 components in the index took a fall.
The TSC 21 dropped 10.48 points, or 1%, to 1054.45 as the broader markets fell despite news that
Intel
(INTC)
raised its sales guidance for the current quarter.
The
Dow Jones Industrial Average
lost 74.81 points, or 0.8%, to 9348.87, and the
Nasdaq
was down 12.24 points, or 0.7%, to 1765.31.
Continental Airlines
(CAL)
led the descent, falling 53 cents, or 3.6%, to $14.31. It was followed by
TheStreet Recommends
Smurfit-Stone
(SSCC)
, down 51 cents, or 3.2%, to $15.39, and
Yahoo!
(YHOO)
, which shed $1, or 3.1%, to close at $31.82.
Friday's only winners were
Best Buy
(BBY)
, up 63 cents, or 1.3%, to $50.08, and
Solectron
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, which added 2 cents, or 0.4%, to close at $5.75.
Still, the index gained 35.6 points, or 3.5%, on a week that rose out of a blackout and was marred by a series of terrorist attacks in the Middle East. Overall, the index is up 54.45 points, or 5.4%, from its start at 1000 on July 3.
