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Economy

Economic Data (USA)

Thursday, January 05, 2006

All 3 Majors Gain; NASDAQ Hits A 4.5 Year High

A healthy 1.79 billion shares were traded on The Big Board today.

Remember GM's "employee discount" from last summer? You remember: consumers were able to buy GM vehicles and get the same discount that GM employees get. Well, Mark LaNeve, General Motors' Vice President for North American marketing, said that the popular employee discount promotion was a "regrettable mistake" and that the company won't offer it again. Sales @ GM dropped by 26% when the employee discount promotion ended in the fall of 2005.

GM is releasing 19 new models this year. Stock in General Motors gained 5.7% to close @ $20.52 per share.

Mortgage giant Fannie Mae gained $4.43 to close @ $53.18 per share.

Google's stock price continues to set records, adding $6.00 today to close @ $451.24 per share.

Wal-Mart fell by $0.63 to close @ $45.69 per share.

Stock in Kohl's fells by $3.04 (6.5%) to close @ $43.94 per share.

Computer Sciences Corporation gained $3.99 to close @ $54.81 per share.

Xilinx gained $1.62 to close @ $28.55 per share.

Rambus added $3.74 to close @ $22.23 per share.

Crude oil and natural gas prices are down. The Northeast U.S. is warm for January, and predictions for the next 10 days are for temperatures in the 40's and 50's. Natural gas dropped to $9.499 per million BTU's in New York, the cheapest it's been since August of 2005.


Today's Numbers:

DJIA: Closed Up @ 10,882.15 (+2.00)

NASDAQ: Closed Up @ 2,276.87 (+13.41)

S&P 500: Closed Up @ 1,273.48 (+0.02)

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NYMEX Crude Oil Future currently @ $62.79/barrel

New York Spot Gold closed @ $526.10/ounce

Currently, The U.S. Dollar buys
0.8254 Euros

Currently, The Euro buys 1.2115 U.S. Dollars


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