An up-and-down week in the stock market was mostly a downer for Chicago’s major companies. The Dow Jones industrial average swung 323 points from peak to trough and ended off 122 points.
Deerfield-based paper products firm Fort James fell 5.6 percent for the week, to $42. The company said cheap imports from Asia would mean worse-than-expected results in its second quarter.
Lake Forest-based bowling and boating manufacturer Brunswick, hit earlier this month by news of weak sales in China, fell 5.2 percent last week, to $23.87. On Friday, a jury in Arkansas levied a $44 million antitrust judgment against the company regarding the manufacture of recreational boat engines.
Chicago-based Telephone and Data Systems lost 2.8 percent for the week, to $40.81. The company withdrew a proposed public offering of 13.5 million shares in a subsidiary company, blaming adverse market conditions.
The week’s biggest winner among the 50 largest local companies was Oak Brook-based McDonald’s, which rose 5.3 percent, to a record closing high $68.06.
