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Economy

Economic Data (USA)

Friday, February 10, 2006

All 3 Majors Advanced As Crude Oil for Future Delivery Closed Below The $62 Mark

A larger-than-expected trade deficit for December of 2005 caused many stocks to slump this morning, but all 3 major indices ended up gaining today, helped by NYMEX crude oil closing below $62 and a positive budget report from The Treasury Department. An estimated 1.7 billion shares were traded on The Big Board today.

For the week, The Dow Jones Industrial Average (DJIA) gained 1.2%, The NASDAQ Composite Index fell by less than 0.1% and The S&P 500 Index rose by 0.2%.

Shares of American International Group (AIG) gained $0.78 (1.16%) to close @ $67.90 in regular trading; the stock then lost $0.08 in after-hours trading this evening.

Shares of global #1 pharmaceutical company Pfizer fell by$0.66 (2.51%) to close @ $25.68 in regular trading; the stock then lost an additional $0.09 in after-hours trading.


Shares of Google gained $3.84 (1.07%) to close @ $362.61 in regular trading today; the stock then lost $9.01 in after-hours action.

Shares of McAfee gained $4.02 (18.37%) to close @ $25.90 in regular trading today; the stock then lost $0.10 in after-hours action. McAfee is the global #2 maker of anti-virus software.

Shares of Apple Computer gained $2.36 (3.63%) to close @ $67.31 in regular trading today; the stock then lost $0.31 in after-hours action this evening.


Shares of copper giant Phelps Dodge fell by $5.94 (4.01%) to close @ $142.06 in regular trading; the stock then lost an additional $0.56 in after-hours trading.

Shares of Freeport-McMoRan Copper & Gold fell by $4.90 (8.62%) to close @ $51.93 in regular trading; the stock then lost an additional $0.43 in after-hours action this evening.


Cheaper crude oil hurt many energy-related stocks.

Shares of Sunoco fell by $3.93 (5.14%) to close @ $72.46 in regular trading; the stock then recovered $0.27 in after-hours trading this evening.

Shares of Valero Energy fell by $2.33 (4.40%) to close @ $50.65 in regular trading; the stock then recovered $0.06 in after-hours trading.


Shares of Aon Corp. gained $3.23 (9.26%) to close @ $38.11. Aon is the global #2 insurance broker in terms of size.

Shares of Steinway Musical Instruments gained $3.44 (11.86%) to close @ $32.44.

Shares of Alliance One International gained $0.45 (11.34%) to close @ $4.42.

Shares of Novastar Financial fell by $3.57 (11.40%) to close @ $27.74.

Shares of Salesforce.com fell by $4.27 (10.85%) to close @ $35.10.

Shares of Embratel Participacoes fell by $1.11 (8.42%) to close @ $12.07.


Today's Numbers:

DJIA: Closed Higher @ 10,919.05 (+35.70)

NASDAQ: Closed Higher @ 2,261.88 (+6.01)

S&P 500: Closed Higher @ 1,266.99 (+3.21)

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NYMEX Crude Oil Future closed @ $61.84/barrel

New York Spot Gold closed Lower @ $550.20/ounce

Currently, The U.S. Dollar buys
0.8401 Euros
Currently, The Euro buys 1.1904 U.S. Dollars

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


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