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Economy

Economic Data (USA)

Tuesday, February 07, 2006

All 3 Major Indices Retreated; Crude Oil, Gold and Copper Got Cheaper

All 3 major indices retreated today as the price for gold, crude oil and other commodities fell. An estimated 1.78 billion shares were traded on The Big Board.

Shares of General Motors fell by $0.53 (2.27%) to close @ $22.81 in regular trading; the stock lost an additional $0.11 in after-hours trading. The company announced that annual stock dividends will be cut from $2 per share to $1.

Shares of Alcoa fell by $1.16 (3.62%) to close @ $30.87.

The best performer in the Dow Jones Industrial Average (DJIA) today was Disney; shares of Disney gained $1.74 (7%) to close @ $26.70.


Google may fork over as much as $1 billion to Dell in a 3 year deal that would put Google software on Dell PC's.

Shares of Google fell by $17.18 (4.46%) to close @ $367.92 in regular trading; the stock recovered $1.55 in after-hours action this evening.

Shares of Dell gained $0.37 to close @ $29.69.


Gold, copper and crude oil all got cheaper today; mining and energy stocks dipped as a result.

Shares of Exxon Mobil fell by $1.42 to close @ $60.55.

Shares of Valero Energy fell by $2.89 (4.86%) to close @ $56.61.

Shares of ConocoPhillips fell by $2.66 (4.24%) to close @ $60.10 in regular trading; the stock recovered $0.28 in after-hours trading this evening.

Shares of Chevron fell by $1.10 (1.87%) to close @ $57.74 in regular trading; the stock recovered $0.21 in after-hours trading this evening.

Shares of copper producing giant Phelps Dodge lost $12.66 to close @ $152.53.

Shares of Newmont Mining, the global #1 producer of gold, fell by $4.21 to close @ $56.27.


Shares of stainless steel producer Allegheny Technologies lost $4.10 to close @ $49.63.

Shares of U.S. Steel fell by $2.85 (4.63%) to close @ $58.72 in regular trading; the stock recovered $0.14 in after-hours trading this evening.


Shares of Toll Brothers fell by $1.73 to close @ $29.47.

Shares of D.R. Horton fell by $1.28 to close @ $33.67.

Shares of Pulte Homes lost $0.87 to close @ $37.07. Pulte is the #2 U.S. builder of new homes.


Today's Numbers:

DJIA: Closed Lower @ 10,749.76 (-48.51)

NASDAQ: Closed Lower @ 2,244.96 (-13.84)

S&P 500: Closed Lower @ 1,254.78 (-10.24)

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NYMEX Crude Oil Future is currently @ $63.06/barrel

New York Spot Gold closed Lower @ $550.70/ounce

Currently, The U.S. Dollar buys
0.8351 Euros
Currently, The Euro buys 1.1975 U.S. Dollars

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


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