All 3 Majors Gain As Crude Oil Drops Below The $60 Mark
All 3 major indexes advanced today--with The Dow Jones Industrial Average (DJIA) closing above 11K--thanks to crude oil for future delivery dropping below the $60 mark, and a much-better-than-expected January retail sales report out of The U.S. Commerce Department. An estimated 1.82 billion shares were traded on The Big Board today.
In IPO news, Morgans Hotel Group's IPO opened at $20.00 today and ended at $19.89 per share. Not the hottest IPO, but the offering did generate $275 million for Morgans, which the company plans to use to pay down some of the $660 million it owes to creditors.
Morgans was founded by Ian Schrager, who was the co-founder of the iconic 70's nightclub Studio 54. Morgans owns a number of upscale, boutique-style hotels like The Delano on Miami's South Beach and New York's Hudson Hotel. The Hotels are often patronized by high profile celebrities, and cycling king Lance Armstrong sits on Morgan's board of directors.
Shares of Alcoa gained $1.13 (3.74%) to close @ $31.37.
Shares of Home Depot gained $1.43 (3.6%) to close @ $41.13.
Shares of Caterpillar gained $1.60 (2.33%) to close @ $70.22.
Shares of Wal-Mart gained $0.94 (2.07%) to close @ $46.45.
Shares of 3M gained $0.79 to close @ $73.70.
Shares of Apple Computer gained $2.94 (4.54%) to close @ $67.64.
Shares of Waste Management Inc. gained $0.39 to close @ $33.43. Waste Management is the #1 refuse disposal company in the U.S.
Shares of Jarden Corp. gained $3.22 (13.00%) to close @ $27.99.
Shares of Inco Ltd gained $2.35 (11.71%) to close @ $22.41.
Shares of Genesee & Wyoming gained $4.42 (11.41%) to close @ $43.16.
Shares of Transocean fell by $6.49 (8.3%) to close @ $72.10.
Today's Numbers:
DJIA: Closed Higher @ 11,028.39 (+136.07)
NASDAQ: Closed Higher @ 2,262.17 (+22.36)
S&P 500: Closed Higher @ 1,275.53 (+12.67)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $59.88/barrel
New York Spot Gold closed Higher @ $546.00/ounce
Currently, The U.S. Dollar buys 0.8398 Euros
Currently, The Euro buys 1.1908 U.S. Dollars
The U.S. Prime Rate (WSJ Prime Rate) is 7.5%
In IPO news, Morgans Hotel Group's IPO opened at $20.00 today and ended at $19.89 per share. Not the hottest IPO, but the offering did generate $275 million for Morgans, which the company plans to use to pay down some of the $660 million it owes to creditors.
Morgans was founded by Ian Schrager, who was the co-founder of the iconic 70's nightclub Studio 54. Morgans owns a number of upscale, boutique-style hotels like The Delano on Miami's South Beach and New York's Hudson Hotel. The Hotels are often patronized by high profile celebrities, and cycling king Lance Armstrong sits on Morgan's board of directors.
Shares of Alcoa gained $1.13 (3.74%) to close @ $31.37.
Shares of Home Depot gained $1.43 (3.6%) to close @ $41.13.
Shares of Caterpillar gained $1.60 (2.33%) to close @ $70.22.
Shares of Wal-Mart gained $0.94 (2.07%) to close @ $46.45.
Shares of 3M gained $0.79 to close @ $73.70.
Shares of Apple Computer gained $2.94 (4.54%) to close @ $67.64.
Shares of Waste Management Inc. gained $0.39 to close @ $33.43. Waste Management is the #1 refuse disposal company in the U.S.
Shares of Jarden Corp. gained $3.22 (13.00%) to close @ $27.99.
Shares of Inco Ltd gained $2.35 (11.71%) to close @ $22.41.
Shares of Genesee & Wyoming gained $4.42 (11.41%) to close @ $43.16.
Shares of Transocean fell by $6.49 (8.3%) to close @ $72.10.
Today's Numbers:
DJIA: Closed Higher @ 11,028.39 (+136.07)
NASDAQ: Closed Higher @ 2,262.17 (+22.36)
S&P 500: Closed Higher @ 1,275.53 (+12.67)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $59.88/barrel
New York Spot Gold closed Higher @ $546.00/ounce
Currently, The U.S. Dollar buys 0.8398 Euros
Currently, The Euro buys 1.1908 U.S. Dollars
The U.S. Prime Rate (WSJ Prime Rate) is 7.5%
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posted by Steve Brown | 2/14/2006 09:19:00 PM
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