The BizTimes Stock Index gained 1.90 points to close at 155.65 Tuesday, but the stock market dipped sharply in early morning trading today, as the U.S. Commerce Department reported that demand for durable goods fell 1.7 in February, surprising analysts who had projected a slight rise after the prior month's 4.7-percent decline. In a later report this morning, the Commerce Department estimated that national sales of new homes fell to a 13-year low in February. The reports sent the Dow Jones Industrials Average to a triple-digit decline. The largest local decliners this morning were Kohl's Corp. (down $1.74 to $45.00) and Manpower Inc. (down $1.74 to $57.19). The largest local advancers this morning were Strattec Security Corp. (up $1.35 to $39.15) and Ladish Co. (up 22 cents to $36.73). The BizTimes Stock Index was created by Small Business Times and is monitored by North Shore Bank. The index, which measures the stock values of publicly held companies based in southeastern Wisconsin, is updated daily and can be viewed at www.biztimes.com.
Stocks run out of steam
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