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Economy

Economic Data (USA)

Thursday, December 08, 2005

Cold Snap Extends All The Way To The South; All 3 Majors Down Today

A serious cold snap which produced freezing weather as far down South as Texas had investors worried about consumer spending today: Americans probably won't be spending that much this holiday season if their energy bills are too high. Oil is back up above the $60 mark, and natural gas futures are at record high prices as well.

All 3 major indices closed down today, with Intel losing 1.7 percent and closing @ $25.70 per share. Merck was also down today, closing @ $28.88 per share (down 2.7 percent.)

Today's Numbers:

DJIA: Closed Down @ 10,755.12 (-55.79)

NASDAQ: Closed Down @ 2,246.46 (-5.55)

S&P 500: Closed Down @ 1,255.84 (-1.53)


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