All 3 Major Indices Retreat As Inflation Rears Its Ugly Head

Inflation fears related to today's productivity and labor costs report, together with some profit forecasts that didn't meet analyst expectations conspired to drive the 3 major indices lower today. An estimated 1.9 billion shares were traded on The Big Board.

Shares of Tyco lost $1.30 in regular trading today to close @ $24.80; the stock recovered $0.09 in after-hours trading this evening.

Shares of Google fell by $5.74 (1.43%) in regular trading today to close @ $396.04; the stock lost an additional $0.31 in after-hours action this evening.

Shares of Citigroup fell by $0.66 (1.44%) in regular trading today to close @ $45.18; the stock recovered $0.07 in after-hours trading.

Shares of General Motors fell by $0.90 (3.67%) to close @ $23.60.

Shares of American International Group (AIG) fell by $0.80 (1.21%) to close @ $65.47.

Shares of Research In Motion (RIM) fell by $1.61 (2.19%) to close @ $72.00.

Shares of Comcast fell by $0.97 (3.47%) to close @ $27.02. Comcast is the global #1 cable TV provider.

Shares of Amazon.com fell by $1.24 (2.82%) in regular trading today to close @ $42.74; the stock lost an additional $3.49 in after-hours action this evening.

Shares of Whirlpool gained $5.89 (7.32%) to close @ $86.37.

Shares of Starbucks gained $3.04 (9.69%) in regular trading today to close @ $34.40; the stock lost $0.05 in after-hours trading.

Shares of Altria fell by $1.47 (2%) in regular trading today to close @ $72.03; the stock recovered $0.03 in after-hours action.

Shares of CVS gained $0.93 (3.35%) to close @ $28.71.

Shares of Federated Department Stores (they own Macy's and Bloomingdale's) gained $2.66 (3.97%) in regular trading today to close @ $69.73; the stock gained an additional $0.20 in after-hours trading this evening.

Investment bank Thomas Weisel Partners Group (TWPG) debuted on The NASDAQ Stock Market® today; shares of TWPG gained $4.90 (32.67%) in regular trading to close @ $19.90; the stock retreated by $0.14 in after-hours trading. Today's $15 IPO brought in $90 million on 6 million shares sold.

Crude for future delivery fell below the $65 mark today, sending certain energy stocks lower.

Shares of Valero Energy fell by $1.46 (2.45%) to close @ $58.18; the stock recovered $0.71 in after-hours trading this evening.

Shares of Sunoco fell by $5.01 (5.41%) to close @ $87.65; the stock recovered $0.35 in after-hours trading.

Shares of Chevron fell by $0.19 (0.32%) in regular trading today to close @ $58.51; the stock lost an additional $0.31 in after-hours action this evening.


Today's Numbers:

DJIA: Closed Lower @ 10,851.98 (-101.97)

NASDAQ: Closed Lower @ 2,281.57 (-28.99)

S&P 500: Closed Lower @ 1,270.84 (-11.62)

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NYMEX Crude Oil Future is currently @ $64.72/barrel

New York Spot Gold closed Higher @ $572.20/ounce

Currently, The U.S. Dollar buys 0.8269 Euros
Currently, The Euro buys 1.2094 U.S. Dollars

The U.S. Prime Rate is 7.5%

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