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Economic Data (USA)

Friday, January 13, 2006

The NASDAQ and The S&P 500 Gain A Bit, As The DJIA Retreats Further From The 11K Mark

The NASDAQ and The S&P 500 Index both enjoyed a modest gain today, but the Dow Jones Industrial Average ended up losing a few points to end the week @ 10,959.87.

Shares in Tyco lost $3.19 to close @ $27.12. The house that Dennis Kozlowski built is set to split into 3 separate companies in early 2007.

Insurance giant American International Group (AIG) may pay $1 billion to settle a fraud lawsuit related to "funny" accounting at the very highest level of management. AIG lost $0.21 to close @ $70.05 per share.

General Motors lost $0.59 to close @ $20.37 per share.

Home Depot lost $0.64 to close @ $41.91 per share today.

Google added $2.62 to close @ $466.25 per share. Hot! (I don't write "hot" here as a recommendation. By "hot" I mean that investors are very bullish on Google at the moment; could be hot air, or it could be that Google will fulfill investor expectations down the road. Google is a great company, but no one really knows for sure how the stock will perform in the future, of course, so it's best to do your research--new product/service announcements, news about the management @ Google, price to earning ratio, earnings forecasts and that kind of stuff.)

Yahoo! lost $0.99 to close @ $39.90 per share.

Apple Computer added $1.30 to close @ $85.59 per share.

Microsoft gained $0.05 to close @ $27.19 per share.

Hewlett-Packard added $0.88 to close @ $31.90 per share.

IBM lost $0.40 to close @ $83.17 per share.

Lucent lost $0.06 to close @ $2.65 per share.

Exxon-Mobil gained $1.33 to close @ $60.97 per share.

Linn Energy LLC has the honor of being the first IPO of 2006. The company raised $247 million, adding $1 to its share price and closing @ $22.00 per share.

Gold enjoyed a nice gain today; NY Spot Gold closed @ $556.50 per ounce. #1 gold producer Newmont Mining gained $1.91 to close @ $59.87 per share today, as Freeport-McMoRan Copper & Gold gained $1.60 to close @ $60.75 per share (Freeport-McMoRan Copper & Gold owns the world's biggest gold mine.)

Today's Numbers:

DJIA: Closed Down @ 10,959.87 (-2.49)

NASDAQ: Closed Up @ 2,317.04 (+0.35)

S&P 500: Closed Up @ 1,287.61 (+1.55)


NYMEX Crude Oil Future is currently $63.92/barrel

New York Spot Gold closed up @ $556.50/ounce

Currently, The U.S. Dollar buys
0.8236 Euros

Currently, The Euro buys 1.2142 U.S. Dollars

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