All 3 Major Indexes Declined Today As Investors Worried About Future Interest Rate Hikes

All 3 major indices lost ground as better-than-expected Existing Home Sales and lower-than-expected New Unemployment Insurance Claims had investors worried that the strengthening economy may prompt The Fed will raise the cardinal Fed Funds Rate beyond 5%. 1,458,444,620 shares were traded @ The New York Stock Exchange® today.


Milestone for Google: The company will replace Burlington Resources Inc. on The S + P 500 Index.

Shares of Yahoo! advanced by $1.08 to close @ $31.83. Yahoo! is the global #1 website by traffic.


Shares of Jabil Circuit gained $4.51 to close @ $42.75.


Shares of KB Home gained $3.23 to close @ $67.82. KB Home is the U.S. #5 builder of homes.


Shares of Murphy Oil gained $1.17 to close @ $48.37. Murphy Oil is an oil refiner and producer; the company also operates gas stations at hundreds of Wal-Mart Stores.

Shares of Valero Energy gained $1.34 to close @ $58.80. Valero is the U.S. #1 crude oil refiner.


Shares of Norfolk Southern fell by $1.84 to close @ $52.89.


Shares of Ryder System fell by $1.35 to close @ $44.56. Ryder is the U.S. #1 truck leasing concern.

Shares of YRC Worldwide fell by $6.73 to close @ $38.56. YRC used to be called Yellow Roadway Corporation.


Summary of The New York Markets:

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DJIA: Closed Lower @ 11,270.29 (-47.14)

NASDAQ: Closed Lower @ 2,300.15 (-3.20)

S&P 500: Closed Lower @ 1,301.67 (-3.37)

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NYMEX Crude Oil Future is currently @ $63.78/barrel

New York Spot Gold closed Lower @ $550.50/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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