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Economy

Economic Data (USA)

Friday, December 16, 2005

All 3 Majors & Oil Down

New trend: if you want to predict the price of oil, just check the weather forecast for the Northeast United States. The price of oil fell again today as--you guessed it--meteorologists predicted mild temperatures for the Northeast. Crude oil closed @ 58.06 per barrel, down by $1.93. Shares of oil-related stocks (Exxon Mobil, Chevron) closed lower as a result.

Google may pay $1 billion for a (eh hem!) 5% stake in AOL.
Looks like Google will do anything to score points against Microsoft.

Shares of Dow Industrial blue chip Johnson & Johnson did well today on news that it will purchase insulin pump maker Animas Corp. Shares of J&J closed up @ $60.86.

The cost for a seat on the New York Stock Exchange® continues to fall. Today, an NYSE membership seat sold for $3.275 million. The last membership seat sold for $3.625 million. The highest price paid for a seat on The Exchange was $4 million.

Today's Numbers:

DJIA: Closed Down @ 10,875.59 (-6.08)

NASDAQ: Closed Down @ 2,252.48 (-8.15)

S&P 500: Closed Down @ 1,267.32 (-3.62)


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