.comment-link {margin-left:.6em;}



Economy

Economic Data (USA)

Thursday, February 16, 2006

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)

----------------------------------------------------------

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%


>  SITEMAP  <

Links to this post:

Create a Link

<< Home


www.FedPrimeRate.com
Entire Website © 2017 FedPrimeRate.comSM


This website is neither affiliated nor associated with The United States Federal Reserve in any way.
Information in this website is provided for educational purposes only. The owners of this website
make no warranties with respect to any and all content contained within this website. Consult a
financial professional before making important decisions related to any investment or loan
product, including, but not limited to, business loans, personal loans, education loans, first
or second mortgages, credit cards, car loans or any type of insurance.