All 3 Majors Gain As Crude Oil Prices Surge Upwards

All 3 major indexes gained ground today as a very warm January led to lots more housing starts, and crude oil got more expensive. An estimated 1.7 billion shares were traded on The Big Board.

The best-performing component in The Dow Jones Industrial Average (DJIA) today was Hewlett-Packard; shares of HP gained $2.35 (7.42%) to close @ $34.02 on strong earnings projections for Q2 2006.

Shares of Google gained $24.08 (7.03%) in regular trading to close @ $366.46; the stock then added an additional $1.94 in after-hour trading this evening.

Shares of Dell gained $0.19 (0.60%) to close @ $31.96.


Crude oil for future delivery got more expensive as the day progressed, boosting energy stocks.

Shares of Exxon Mobil gained $0.49 (0.82%) to close @ $60.25.

Shares of Sunoco gained $4.24 (5.8%) to close @ $77.33.

Shares of Valero Energy gained $3.25 (6.43%) to close @ $53.82 in regular trading; the stock then gained another $0.40 in after-hours action.

Shares of ConocoPhillips gained $1.59 (2.73%) to close @ $59.90.

Shares of Chevron gained $0.34 (0.61%) to close @ $56.30.


Shares of Boston Scientific gained $1.97 to close @ $24.58 in regular trading; the stock then gained another $0.12 in after-hours action.


According to today's U.S. Commerce Department report, housing starts were up as home builders took advantage of warm January temperatures.

Shares of D.R. Horton gained $1.11 (3.27%) to close @ $35.03 in regular trading; the stock then gained another $0.22 in after-hours action.

Shares of luxury homebuilder Toll Brothers added $0.69 to close @ $30.57.

Shares of Hovnanian Enterprises gained $0.93 to close @ $46.73.


Shares of Administaff gained $5.88 (14.20%) to close @ $47.30.

Shares of Core Laboratories gained $3.66 (9.12%) to close @ $43.80.


Shares of Expedia fell by $4.43 (18.27%) to close @ $19.82 in regular trading; the stock then recovered $0.16 in after-hours action. Disappointing forth quarter earnings caused today's slide. Expedia is the biggest online travel agency in the United States.


Shares of XM Satellite Radio Holdings lost $1.27 to close @ $23.98. The company reported that a big jump in marketing costs resulted in a larger-than-expected fourth quarter loss. XM Satellite Radio is the U.S. #1 fee-based radio service.


Shares of Sirius Satellite Radio fell by $0.17 to close @ $5.65 in regular trading; the stock then recovered $0.10 in after-hours action this evening.

Shares of Daimlerchrysler fell by $2.12 (3.55%) to close @ $57.68.

Shares of Target fell by $1.21 to close @ $54.59 in regular trading; the stock then recovered $0.11 in after-hours action this evening. Target is the U.S. #2 discount retailer.

Shares of Lamson and Sessions fell by $6.60 (20.59%) to close @ $25.45.

Shares of Guess Inc fell by $6.05 (13.10%) to close @ $40.15.

Shares of Cleveland-Cliffs fell by $6.74 (7.19%) to close @ $86.98.

Shares of Ormat Technologies fell by $4.34 (10.26%) to close @ $37.98.

Shares of Navigant Consulting fell by $2.52 (11.28%) to close @ $19.83.


Today's Numbers:

DJIA: Closed Higher @ 11,120.68 (+61.71)

NASDAQ: Closed Higher @ 2,294.63 (+18.20)

S&P 500: Closed Higher @ 1,289.38 (+9.38)

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NYMEX Crude Oil Future is currently @ $58.92/barrel

New York Spot Gold closed Higher @ $544.20/ounce

Currently, The U.S. Dollar buys 0.8423 Euros
Currently, The Euro buys 1.1872 U.S. Dollars

The U.S. Prime Rate is 7.5%

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