An index of Colorado stocks fell 2.6 percent in five days, dropping for a second straight week, led by MDC Holdings Inc., Dynamic Materials Corp. and Western Gas Resources Inc.
The Bloomberg Colorado Index, a price-weighted list of companies based in the state, dropped 7.98 to 297.95. Declining stocks outnumbered those that advanced 80 to 25.
Denver-based homebuilder MDC Holdings dropped $3.57 to $69.94. The stock has climbed just 5.2 percent this year, after growing 47 percent in 2004 and 85 percent the previous year.
Dynamic Materials, a Boulder-based maker of clad-metal parts for power plants and other industrial installations, fell $1.52, or 7.2 percent, to $19.68. Western Gas Resources, a Denver-based explorer for natural gas, lost $2.84 to $44.85.
Among stocks that climbed this week was Titanium Metals Corp., a Denver-based maker of parts for airplanes, which advanced $4.55, or 12 percent, to $41.87.
Vail Resorts Inc. rose $1.69 to $31.78. Earlier this week, the owner of ski resorts was boosted by Lehman Brothers Holdings Inc. to “overweight” from “equal weight.”
The Bloomberg Colorado Index was developed with a base value of 100 as of Dec. 30, 1994. Its members have a minimum market value of $10 million. The index set a 52-week high of 319.53 on Oct. 3 and a 52-week low of 247.12 on Oct. 20, 2004.
The index has gained 20 percent in the past year.
In the broader market, the Standard & Poor’s 500 Index fell 9.33 to 1186.57. The Dow Jones Industrial Average lost 4.97 to 10,287.34. The Nasdaq Composite Index fell 25.52 to 2064.83.
