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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)

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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%


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