August 05. 2009 2:00AM - Last modified: March 14. 2012 12:30PM

Local stocks defy broader market contraction with another rally

By Jim Butman

The stock market blinked for the first time this week today, as investors reacted to a report by the Institute for Supply Management that the U.S. non-manufacturing industries contracted for the 10th consecutive month in July.

The ISM non-manufacturing index fell to 46.4 percent in July from 47 percent in June.

The local stocks in the BizTimes Stock Index defied the broader market's contraction this morning, as local advancers outnumbered decliners. The largest local advancers this morning were Joy Global Inc. (up 86 cents to $40.42) and MGIC Investment Corp. (up 60 cents to $8.25). The largest local decliners this morning were Johnson Outdoors Inc. (down 44 cents to $7.06) and Wisconsin Energy Corp. (down 43 cents to $43.23).


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