All 3 Majors Closed Slightly Lower Today
All 3 major indices lost some ground today; homebuilding related stocks dipped as a result of a disappointing existing home sales report released today, and cheaper crude oil prices sent the stock price of some big oil companies lower. An estimated 1.93 billion shares were traded on The Big Board today.
Shares of General Motors added $0.80 to close @ $23.85 in regular trading, then gained another $0.15 in after-hours action. Tracinda Corporation, which is headed by Kirk Kerkorian, bought 12 million shares of GM for an estimated $263 million, which raises Tracinda’s stake in GM to 9.9%.
Ford Motor announced that the company is developing a new version of the Escape Hybrid that will be powered by an advanced hybrid electric / ethanol engine. But even though the starting material for the production of the ethanol--corn--would come from American corn fields, the process by which the ethanol is made still requires the use of fossil fuels, and therefore wouldn’t do much to curtail America’s dependence on crude.
Shares of Ford Motor gained $0.22 to close @ $8.62 per share.
Shares of Exxon-Mobil lost $0.75 to close @ $60.21 per share.
Shares of Sunoco fell by $0.68 in regular trading to close @ $87.91 per share, then fell an additional $0.91 in after-hours trading.
Shares of ConocoPhillips lost $0.94 to close @ $63.54 per share.
Shares of Chevron fell by $0.79 to close @ $61.26 per share in regular trading, then recovered $0.11 in after-hours action.
Shares of Amerada Hess added $1.86 to close @ $148.47 per share on news of strong Q4 earnings.
Shares of Ryland fell by $4.82 to close @ $70.35 per share.
Shares of Home Depot lost $0.47 to close @ $39.98 per share in regular trading, then lost an additional $0.48 in after-hours trading.
Shares of homebuilder D.R. Horton lost $0.78 to close @ $37.20 per share.
Shares of luxury homebuilder Toll Brothers fell by $0.59 to close @ $34.02 per share.
Shares of Procter & Gamble gained $0.60 to close @ $58.47 per share.
Shares of toothpaste king Colgate-Palmolive gained $1.90 to close @ $55.65 per share.
Shares of McDonald's lost $0.69 to close @ $35.16 per share.
Shares of BellSouth added $0.52 to close @ $27.44 per share.
Shares of Abbott Laboratories gained $2.11 (5.3%) to close @ $42.17 per share. Sales of Abbott’s arthritis drug Humira could top $1.9 billion this year.
News that the launch of the new ADHD drug Sparlon will be delayed again contributed to shares of Cephalon losing $5.94 (8.16%) and closing @ $66.83 in regular trading today; the stock recovered $2.27 in after-hours trading.
The bidding war between Johnson & Johnson and Boston Scientific for Guidant is over: Guidant has accepted an $80 per share offer from Boston Scientific.
Shares of Johnson & Johnson lost $0.86 in regular trading today to close @ $58.50 per share; the stock recovered $0.18 in after-hours trading.
Shares of Boston Scientific lost $0.46 in regular trading to close @ $23.54 per share; the stock recovered $0.16 in after-hours action.
Shares of Guidant lost $1.59 in regular trading to close @ $75.19 per share; the stock recovered $0.56 in after-hours trading.
Google is launching a new Chinese language web search site in China @ www.Google.cn. Some search terms @ Google.cn will be blocked in order to comply with Chinese government regulations.
Shares of Google fell by $10.03 (2.06%) to close @ $433.00 in regular trading today; the stock recovered $0.75 in after-hours trading.
Shares of Lexmark fell by $1.15 (2.25%) today to close @ $49.93 per share.
In a move designed to dodge daily antitrust fines imposed by the EU, the folks @ Microsoft have offered to license some of the company's Windows source code. The European Commission is studying the Microsoft offer.
Shares of Microsoft gained $0.12 today to close @ $26.40 per share.
Today's Numbers:
DJIA: Closed Down @ 10,709.74 (-2.48)
NASDAQ: Closed Down @ 2,260.65 (-4.60)
S&P 500: Closed Down @ 1,264.68 (-2.18)
----------------------------------------------------------
NYMEX Crude Oil Future is currently $65.59/barrel
New York Spot Gold closed Up @ $563.10/ounce
Currently, The U.S. Dollar buys 0.8162 Euros
Currently, The Euro buys 1.2252 U.S. Dollars
The Prime Rate is currently 7.25%
Shares of General Motors added $0.80 to close @ $23.85 in regular trading, then gained another $0.15 in after-hours action. Tracinda Corporation, which is headed by Kirk Kerkorian, bought 12 million shares of GM for an estimated $263 million, which raises Tracinda’s stake in GM to 9.9%.
Ford Motor announced that the company is developing a new version of the Escape Hybrid that will be powered by an advanced hybrid electric / ethanol engine. But even though the starting material for the production of the ethanol--corn--would come from American corn fields, the process by which the ethanol is made still requires the use of fossil fuels, and therefore wouldn’t do much to curtail America’s dependence on crude.
Shares of Ford Motor gained $0.22 to close @ $8.62 per share.
Shares of Exxon-Mobil lost $0.75 to close @ $60.21 per share.
Shares of Sunoco fell by $0.68 in regular trading to close @ $87.91 per share, then fell an additional $0.91 in after-hours trading.
Shares of ConocoPhillips lost $0.94 to close @ $63.54 per share.
Shares of Chevron fell by $0.79 to close @ $61.26 per share in regular trading, then recovered $0.11 in after-hours action.
Shares of Amerada Hess added $1.86 to close @ $148.47 per share on news of strong Q4 earnings.
Shares of Ryland fell by $4.82 to close @ $70.35 per share.
Shares of Home Depot lost $0.47 to close @ $39.98 per share in regular trading, then lost an additional $0.48 in after-hours trading.
Shares of homebuilder D.R. Horton lost $0.78 to close @ $37.20 per share.
Shares of luxury homebuilder Toll Brothers fell by $0.59 to close @ $34.02 per share.
Shares of Procter & Gamble gained $0.60 to close @ $58.47 per share.
Shares of toothpaste king Colgate-Palmolive gained $1.90 to close @ $55.65 per share.
Shares of McDonald's lost $0.69 to close @ $35.16 per share.
Shares of BellSouth added $0.52 to close @ $27.44 per share.
Shares of Abbott Laboratories gained $2.11 (5.3%) to close @ $42.17 per share. Sales of Abbott’s arthritis drug Humira could top $1.9 billion this year.
News that the launch of the new ADHD drug Sparlon will be delayed again contributed to shares of Cephalon losing $5.94 (8.16%) and closing @ $66.83 in regular trading today; the stock recovered $2.27 in after-hours trading.
The bidding war between Johnson & Johnson and Boston Scientific for Guidant is over: Guidant has accepted an $80 per share offer from Boston Scientific.
Shares of Johnson & Johnson lost $0.86 in regular trading today to close @ $58.50 per share; the stock recovered $0.18 in after-hours trading.
Shares of Boston Scientific lost $0.46 in regular trading to close @ $23.54 per share; the stock recovered $0.16 in after-hours action.
Shares of Guidant lost $1.59 in regular trading to close @ $75.19 per share; the stock recovered $0.56 in after-hours trading.
Google is launching a new Chinese language web search site in China @ www.Google.cn. Some search terms @ Google.cn will be blocked in order to comply with Chinese government regulations.
Shares of Google fell by $10.03 (2.06%) to close @ $433.00 in regular trading today; the stock recovered $0.75 in after-hours trading.
Shares of Lexmark fell by $1.15 (2.25%) today to close @ $49.93 per share.
In a move designed to dodge daily antitrust fines imposed by the EU, the folks @ Microsoft have offered to license some of the company's Windows source code. The European Commission is studying the Microsoft offer.
Shares of Microsoft gained $0.12 today to close @ $26.40 per share.
Today's Numbers:
DJIA: Closed Down @ 10,709.74 (-2.48)
NASDAQ: Closed Down @ 2,260.65 (-4.60)
S&P 500: Closed Down @ 1,264.68 (-2.18)
----------------------------------------------------------
NYMEX Crude Oil Future is currently $65.59/barrel
New York Spot Gold closed Up @ $563.10/ounce
Currently, The U.S. Dollar buys 0.8162 Euros
Currently, The Euro buys 1.2252 U.S. Dollars
The Prime Rate is currently 7.25%
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posted by Steve Brown | 1/25/2006 05:00:00 PM
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