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Economy

Economic Data (USA)

Wednesday, February 08, 2006

All 3 Majors Advanced As The Cost of Crude Continues to Fall

All 3 major indices advanced today as the price for crude oil fell; the price on NYMEX crude oil for future delivery continues to fall this evening. An estimated 1.79 billion shares were traded on The Big Board.

Shares of Pfizer gained $1.19 to close @ $26.37 on news that the company has plans to sell or spin-off its consumer health division that includes brands like Visine®, Listerine® and BenGay®. The company wants to concentrate on prescription drugs.

Shares of Cisco Systems gained $1.31 (7.2%) to close @ $19.40. Some Cisco-manufactured routers sell for $1 million, and sales @ Cisco have been on the rise lately.

Shares of Hewlett-Packard gained $1.64 (5.4%) to close @ $32.01; HP was the best performer in The Dow Jones Industrial Average (DJIA) today.

Shares of General Motors fell by $0.82 or (3.6%) to close @ $21.99; the stock then lost an additional $0.12 in after-hours trading this evening.


Shares of Dell Inc. gained $1.83 to close @ $31.52.

Shares of Univision Communications gained $3.66 (12%) to close @ $34.20. Univision is the #1 domestic, Spanish-language television network.


Shares of Watts Water Technologies gained $6.31 (20.56%) to close @ $37.00.

Shares of Tenaris SA gained $8.54 (5.77%) to close @ $156.44.


Shares of Peabody Energy Corp. fell by $5.90 (6.02%) to close @ $92.05; the stock then recovered $0.95 in after-hours trading this evening.

Shares of USEC Inc. fell by $1.64 (12.06%) to close @ $11.96.


Shares of Google gained $1.16 (0.32%) to close @ $369.08; the stock then fell by $0.19 in after-hours trading.

Shares of Apple Computer gained $1.21 (1.79%) to close @ $68.81; the stock then gained an additional $0.09 in after-hours trading this evening.


Shares of United States Steel Corp. fell by $1.62 (2.76%) to close @ $57.10.


Today's Numbers:

DJIA: Closed Higher @ 10,858.62 (+108.86)

NASDAQ: Closed Higher @ 2,266.98 (+22.02)

S&P 500: Closed Higher @ 1,265.65 (+10.87)

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NYMEX Crude Oil Future is currently @ $62.85/barrel

New York Spot Gold closed Lower @ $550.10/ounce

Currently, The U.S. Dollar buys
0.8351 Euros

Currently, The Euro buys 1.1974 U.S. Dollars

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


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