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

Economy

Economic Data (USA)

Wednesday, January 18, 2006

All 3 Majors Decline for the Second Day In A Row

All 3 majors dipped again today; trading on The Big Board was healthy with close to 1.7 billion shares changing hands.

Stocks in Europe and Japan experienced some sharp declines today; excessive "sell" orders @ The Tokyo Stock Exchange overloaded the exchange's computer system, which led to the exchange closing early.

Citigroup, the biggest bank in the United States, announced that the company has plans to launch its own electronic trading network which will compete with the already electronic NASDAQ® Stock Market and The New York Stock Exchange®, which will be transformed into an electronic stock market later this year. This strategic move by Citigroup may save the company money in the long term if the other major exchanges raise the cost of trading in the future.

IBM gained $0.80 to close @ $83.80 per share.

Google's stock fell by $22.20 (4.8%) to close @ $444.91 per share. Standard & Poor's changed the rating of Google's stock from "hold" to "sell."

Yahoo fell by $4.93 (12%) to close @ $35.18 per share.

Stock in eBay lost $1.69 in after-hours trading this evening to close @ $42.75 per share.

Shares in Apple ended up losing $4.11 in after-hours trading to close @ $78.38 per share.

The biggest decline in stock value in The Dow Jones Industrial Average (DJIA) today came from Intel, which dipped by $2.92 (11%) to close @ $22.60 per share.

Stock in Exxon-Mobil fell by $0.86 to close @ $60.68 per share.

Shares of Sunoco lost $1.25 to close @ $87.81 per share.

Shares of JPMorgan Chase lost $0.43 to close @ $39.28 per share.

Stock in McDonald's gained $0.40 to close @ $34.99 per share.


Today's Numbers:

DJIA: Closed Down @ 10,854.86 (-41.46)

NASDAQ: Closed Down @ 2,279.64 (-23.05)

S&P 500: Closed Down @ 1,277.93 (-5.00)

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

NYMEX Crude Oil Future is currently $65.78/barrel

New York Spot Gold closed down @ $543.60/ounce

Currently, The U.S. Dollar buys
0.8271 Euros
Currently, The Euro buys 1.209 U.S. Dollars

The Prime Rate is currently 7.25%


>  SITEMAP  <

www.FedPrimeRate.com
Entire Website © 2019 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.