.comment-link {margin-left:.6em;}


Economic Data (USA)

Tuesday, December 20, 2005

Transit Strike Had No Real Impact On Trading; All 3 Majors Down Today Regardless

Toyota and Honda are predicting a 10% increase in U.S. sales next year; the news from the Japanese auto makers contributed to GM stock losing $1.20, or 5.7%, and closing @ $19.85 per share. GM stock hasn't been priced this low since 1982. Yikes. Kirk Kerkorian sold off 12 million shares of GM for around $251 million.

Continued fears about future interest rate hikes also contributed to today's dismal numbers.

Strong fourth quarter earnings (close to $7 billion) were responsible for stock in Morgan Stanley to increase by $1.04 and close @ $57.71 per share.

Looks like we may have to wait until 2006 before The Dow climbs above the 11K mark again.

Today's Numbers:

DJIA: Closed Down @ 10,805.55 (-30.98)

NASDAQ: Closed Down @ 2,222.42 (-0.32)

S&P 500: Closed Down @ 1,259.62 (-0.30)


Light, sweet Crude Oil Future is Currently $58.09/barrel
New York Spot Gold is Currently $490.00/ounce


Entire Website © 2021 FedPrimeRate.comSM

This website is neither affiliated nor associated with The United States Federal Reserve in any way.
Information in this website is provided for educational purposes only. The owners of this website
make no warranties with respect to any and all content contained within this website. Consult a
financial professional before making important decisions related to any investment or loan
product, including, but not limited to, business loans, personal loans, education loans, first
or second mortgages, credit cards, car loans or any type of insurance.