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Economy

Economic Data (USA)

Monday, February 06, 2006

Modest Gains for The Dow and S&P 500, As The NASDAQ Retreats

The Dow Jones Industrial Average (DJIA) and The S&P 500 enjoyed modest gains today, while the NASDAQ Composite Index lost a few points. 1.53 billion shares were traded on The Big Board, which was The Big Board's slowest trading day for 2006.

Shares of American International Group (AIG) gained $0.66 (1.01%) to close @ $66.01 in regular trading today; the stock then fell by $0.23 in after-hours trading.

Shares of Alcoa gained $1.45 (4.74%) to close @ $32.03 in regular trading today; the stock then added an additional $0.12 in after-hours trading. Alcoa is the global #1 aluminum producer.

Shares of Wal-Mart fell by $0.41 (0.9%) to close @ $45.08.


Shares of Apple Computer lost $4.55 (6.33%) to close @ $67.30. Investors were worried about the availability of software for the new Intel-based Macintosh computers.


Shares of U.S. Steel gained $3.65 (6.3%) to close @ $61.57. Arcelor SA may purchase U.S. Steel in order to ward off a hostile takeover by Mittal.


Lafarge North America gained $17.89 to close @ $82.14. Lafarge SA, parent company of Lafarge North America, is the global #1 cement producer.

Vulcan Materials gained $5.92 to close @ $80.42.


Shares of Humana fell by $1.11 to close @ $53.79 on news that the Bush administration wants to reduce Medicare spending by $65 billion over the next 5 years.

Shares of Aetna fell by $0.72 (0.73%) to close @ $97.60; the stock then gained $2.40 in after-hours action this evening.


Shares of J. Jill Group advanced by $4.37 to close @ $23.57 on news that Talbots will buy the company for $517 million.


Shares of Chevron gained $1.34 to close @ $58.84.

Shares of Exxon Mobil gained $0.58 (0.94%) to close @ $61.97.

Shares of Valero Energy gained $0.87 (1.48%) to close @ $59.50.

Shares of Transocean gained $3.31 in regular trading today to close @ $83.93 on news that the company was able to secure contracts for 5 new drilling rigs. The stock later fell by $0.25 in after-hours trading. Transocean is the global #1 offshore crude and natural gas drilling contractor.

A milestone for India's key index today: The 30 component BSE Index gained 2.7% and reached a record 10,002.83; the index then closed @ 9,980.42 at the end of the trading day. Analysts and investors expect The BSE to rise to the 12K mark by the end of this year.


Today's Numbers:

DJIA: Closed Up @ 10,798.27 (+4.65)

NASDAQ: Closed Lower @ 2,258.80 (-3.78)

S&P 500: Closed Up @ 1,265.02 (+0.99)

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NYMEX Crude Oil Future is currently @ $64.81/barrel

New York Spot Gold closed Higher @ $570.20/ounce

Currently, The U.S. Dollar buys
0.8352 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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