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

Economy

Economic Data (USA)

Monday, January 23, 2006

All 3 Major Indices Rose Today

All 3 major indices rose today as an estimated 1.66 billion shares were traded on The Big Board.

Ford Motor announced a restructuring plan today that includes closing 14 plants and eliminating 34,000 U.S. jobs over the next 6 years. Shares of Ford rose by $0.42 (5.3%) to close @ $8.32 per share.

Shares of General Motors added $1.80 to close @ $21.85 per share.

Shares of Google gained $28.04 to close @ $427.50 per share in regular trading, then added another $2.50 in after-hours trading. Many analysts are of the opinion that last week's decline in Google's stock price has created a great "buy" opportunity.

The worst performance on the Dow Jones Industrial Average (DJIA) today came from Intel; shares of Intel fell by $0.41 to close @ $21.35 per share.

Shares of Research In Motion fell by $2.37 to close @ $64.25 per share. The U.S. Supreme Court has kicked the BlackBerry patent infringement case back down to a lower court, and now a Virginia judge may order the shutdown of BlackBerry's popular email system.

Shares of Texas Instruments fell by $1.06 to close @ $30.64 per share in after-hours trading. Texas Instruments is the global #3 chipmaker.

NYMEX crude oil for future delivery got cheaper today, but energy companies still enjoyed gains. Shares of Exxon-Mobil added $0.67 to close @ $61.20 per share, and shares of Chevron rose by $1.09 to close @ $62.21 per share.

New York spot gold gained $4.80 to close @ $558.40 per ounce. Shares of Freeport-McMoRan Copper & Gold rose by $0.92 to close @ $58.30 per share, and shares of Goldcorp added $0.46 to close @ $25.22 per share.

Shares of Wal-Mart gained $0.25 to close @ $45.25 per share.

A group led by CVS and Supervalu are buying Albertson's (Albertson's owns supermarket and drug store chains including Acme, Savon, OscoDrug and Shaw's.) Shares of Albertson's gained $1.31 to close @ $25.42 per share, while shares of Supervalu added $0.91 to close @ $32.76 per share.

A group led by Leonard Green & Partners is purchasing The Sports Authority in a deal worth about $1.3 billion; shares of The Sports Authority gained a healthy $5.65 (18%) to close @ $36.70 per share.

Today's Numbers:

DJIA: Closed Up @ 10,688.77 (+21.38)

NASDAQ: Closed Up @ 2,248.47 (+0.77)

S&P 500: Closed Up @ 1,263.82 (+2.33)

----------------------------------------------------------

NYMEX Crude Oil Future is currently $67.74/barrel

New York Spot Gold closed Up @ $558.40/ounce

Currently, The U.S. Dollar buys
0.8141 Euros
Currently, The Euro buys 1.2283 U.S. Dollars

The United States Prime Rate is 7.25%


--> www.FedPrimeRate.com Privacy Policy <--

>  SITEMAP  <

bing

bing

www.FedPrimeRate.com
Entire Website © 2024 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.