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April 2002
Wine Business Stock Index
Major news this month is Allied-Domecq's purchase of California's Mumm Cuvee Napa from Diageo, and the merger of Brian McGuigan and Simeon wines in Australia.During February the Dow began to inch up, rising 2.03%, while Nasdaq continued its decline, dropping 9.75%. Our Wine Business Stock Index rose 3.22% since the beginning of the month. At the same time, some individual stocks did quite well, with Fortune Brands rising nearly 5 points, and Constellation Brands jumping 7 points for a 15% increa...
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