What seemed like an eternity of a Christmas break for many people this year was jolted back to life with a market rally on Thursday that sent the Dow Jones Industrial Average up almost 300 points, or 3.6%, for the week. The S&P 500 followed suit, with the broader market index showing a 3.8% gain.
Industry stocks fared very well for the most part, with all segment indices showing strength to start the new year. The Hardlines index led with a 4.1% gain, with larger market cap companies Luxottica, VF Corp and Brunswick driving the index higher. Variflex contributed by leading all industry stocks with a 13.3% gain for week ending 1/3/2003. Cannondale (+9.72%) and Nautilus (+9.89) were also in the Top 10 gainers for the week.