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Economy

Economic Data (USA)

Monday, February 13, 2006

The 3 Major Indices, Crude Oil and Gold All Retreated Today

The 3 major indexes, crude and gold all lost ground today as investors reacted to Cleveland Federal Reserve Bank President Sandra Pianalto's remarks (also, The Fed's new Chairman Dr. Ben Bernanke will be testifying before the U.S. Senate on Wednesday.) An estimated 1.37 billion shares were traded on The Big Board today, a day which set a new record as the slowest trading day of 2006.

Shares of BlackRock gained $10.48 (7.97%) to close @ $141.99.

Shares of PNC Financial Services Group gained $2.01 to close @ $66.59 in regular trading; the stock then gained an additional $0.41 in after-hours action this evening. PNC has a 70% stake in BlackRock.

Shares of Merrill Lynch gained $1.04 to close @ $73.83.


Shares of Google fell by $16.91 to close @ $345.70 in regular trading; the stock lost an additional $2.15 in after-hours action this evening.

Both Google and Amazom.com are developing digital music services that will compete with Apple's digital music services.

Shares of Apple Computer fell by $2.60 to close @ $64.71 in regular trading today; the stock lost an additional $0.31 in after-hours action this evening.


The folks @ Microsoft are introducing a new cell phone that will have email capabilities much like those found on email-enabled BlackBerry devices.

Shares of Research In Motion, the folks who make BlackBerry devices, fell by $1.72 to close @ $68.35.

Shares of Microsoft fell by $0.30 to close @ $26.39.


Whirlpool's bid to become the global #1 appliance manufacturer by purchasing Maytag may be in jeopardy as the federal government may sue Whirlpool over antitrust violations related to the buyout.

Shares of Whirlpool fell by $1.45 to close @ $85.83.

Shares of Maytag gained $0.40 to close @ $16.61.


Shares of Bedford Property Investors gained $2.37 (9.66%) to close @ $26.90.

Shares of W.R. Berkley $3.18 (6.52%) to close @ $51.97.

Shares of Cincinnati Bell gained $0.23 (6.12%) to close @ $3.99.

Shares of Las Vegas Sands gained $2.54 (5.32%) to close @$50.25.


Shares of GoldCorp fell by $0.60 (11.95%) to close @ $4.42.

Shares of Harmony Gold Mining fell by $1.32 (8.10%) to close @ $14.97.

Shares of Novastar Financial fell by $2.04 (7.35) to close @ $25.70.

Shares of Controladora Comercial Mexicana fell by $2.47 (7.06%) to close @ $32.50.

Shares of United Microelectronics fell by $0.17 (5.30%) to close @ $3.04.

Shares of Southern Copper fell by $5.63 (6.78%) to close @ $77.45.

Shares of Titanium Metals Corp. fell by $4.73 (6.70%) to close @ $65.84.


Today's Numbers:

DJIA: Closed Lower @ 10,892.32 (-26.73)

NASDAQ: Closed Lower @ 2,239.81 (-22.07)

S&P 500: Closed Lower @ 1,262.86 (-4.13)

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NYMEX Crude Oil Future is currently @ $60.86/barrel

New York Spot Gold closed Lower @ $538.80/ounce

Currently, The U.S. Dollar buys
0.8399 EurosCurrently, The Euro buys 1.1906 U.S. Dollars

The U.S. Prime Rate (WSJ Prime Rate) is 7.5%


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