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Economy

Economic Data (USA)

Friday, March 10, 2006

All 3 Major Indices Advanced Today As Crude Fell Below $60 per Barrel

All 3 major indexes advanced today as investors reacted to crude oil for future delivery falling below the $60 mark, and strong February job growth. An estimated 1.6 billion shares were traded on The Big Board today.

For the week, The Dow Jones Industrial Average (DJIA) advanced by 0.5%, The NASDAQ Composite Index declined by 1.75% and The S&P 500 Index fell by 0.44%.

The NASDAQ Stock MarketĀ® made an unsolicited, $4.1 billion cash offer for The London Stock Exchange (LSE), which the LSE rejected as "undervalued." The LSE is Europe's largest stock exchange.

Shares of The NASDAQ Stock Market gained $4.06 to close @ $43.56.


Shares of Capital One Financial gained $4.02 to close @ $89.92. Capital One is the global #4 provider of Visa and MasterCard branded credit cards.

Shares of Google fell by $5.50 to close @ $337.50.


Univision Communications has a number of suitors who may bid up to $12 billion for the company. Shares of Univision Communications gained $1.26 to close @ $34.18.

Shares of DreamWorks Animation SKG fell by $1.21 to close @ $25.65.


Shares of Nucor gained $4.98 to close @ $95.08. Nucor is the U.S. #2 steelmaker.

Shares of U.S. Steel gained $2.12 to close @ $57.17.


Shares of Aeropostale gained $1.83 to close @ $30.30.

Shares of AnnTaylor Stores gained $2.15 to close @ $37.48.


Today's Numbers:

DJIA: Closed Higher @ 11,076.34 (+104.06)

NASDAQ: Closed Higher @ 2,262.04 (+12.32)

S&P 500: Closed Higher @ 1,281.58 (+9.35)

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NYMEX Crude Oil Future closed @ $59.96/barrel

New York Spot Gold closed Lower @ $539.90/ounce

Currently, The U.S. Dollar buys 0.8396 Euros

Currently, The Euro buys 1.191 U.S. Dollars

The U.S. Prime Rate (Fed Prime Rate) is 7.5%


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