All five market segments being tracked register negative marks.

"Consumer electronics, in the shadow of layoffs and poor performance postings from several key players, was down better than 2.6 points."

The Product Design & Development Stock Index, which showed significant positive gains last week, dipped a bit this week, but is still up significantly from two weeks ago. Unfortunately each of the five market segments being tracked did register negative marks this week, but some individual performers are showing earlier than expected signs of life.

• Drops from Raytheon (RTN) and Lockheed (LMT) overshadowed gains from airplane builder EADS (EAD) and military supplier BAE Systems (ADR) in bringing the military/aerospace group down almost five points.
• Automotive dropped more than 2.5 points, despite a significant spike from Federal-Mogul (FDML).
• Medical was nearly flat, showing overall loses of only $0.70.
• Industrial stocks took the biggest hit, led by loses from Rockwell Automation (ROK) in registering a cumulative loss of $4.44 in stock value.
• Consumer electronics, in the shadow of layoffs and poor performance postings from several key players, was down better than 2.6 points. Consumer spending cuts seemed to register especially large for Nintendo Corp. (NTDOY) and Electronic Arts (ERTS).

The overall index posted at 1305.88. This is down from 1321.28 from last week, but still up from the 1286.73 mark of two weeks ago.

The biggest gains and losses:

• BAE Systems and EADS are up $0.66 and $0.55, respectively.
• Federal-Mogul is up $0.72 over last week.
• Stryker (SYK), a medical implant manufacturer, is up almost a dollar from last week, as is Johnson & Johnson. Stryker's competitor on many fronts, Zimmer (ZMH) is down $4.84.
• W.W. Grainger (GWW) showed gains for the second straight week, this time for $0.69.
• Rockwell is down nearly 3.5 points for the week.
• Nintendo and Electronic Arts are down $4.49 and $0.99 for the week while Apple (AAPL), Microsoft (MSFT) and IBM (IBM) showed gains of $2,25, $0.84 and $1.82 over the same period.