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Economic Data (USA)

Tuesday, March 21, 2006

All 3 Major Indices Retreated As Investors Reacted To Comments Made by Fed Chief Bernanke

All 3 major indexes retreated today as crude oil for future delivery rose above the $62 mark, and investors reacted to comments made by Fed Reserve Chairman Ben Bernanke in New York. 1,574,087,140 shares were traded @ The New York Stock Exchange® today.

Shares of Dow Jones Industrial Average (DJIA) component General Motors advanced by more than 5% on news that the company is working on a deal to offer an estimated 70,000 employees the option to retire with benefits, a plan that the company hopes will help to cut costs. Shares of GM climbed $1.15 to close @ $22.00.

Shares of DJIA component Alcoa fell by $0.66 to close @ $29.14. Alcoa is the global #1 aluminum producer.

Shares of Bally Total Fitness gained $1.15 to close @ $8.99 on news that the Virgin Group may be interested in purchasing the company. Bally is the U.S. #1 fitness club chain.

Shares of Jones Apparel gained $4.02 to close @ $34.84 on news that the company is looking for a buyer. Jones Apparel makes clothing, shoes and accessories for brands including:

  • AK Anne Klein
  • Bandolino
  • Circa Joan & David
  • Easy Spirit
  • Enzo Angiolini
  • Gloria Vanderbilt
  • Joan & David
  • Jones New York
  • Jones New York Collection
  • Jones New York Dress
  • Jones New York Signature
  • Jones New York Sport
  • Judith Jack
  • Kasper
  • Mootsie Tootsies
  • Napier
  • Nine & Company

Shares of Nvidia gained $2.39 to close @ $50.79. Nvidia is the global #3 manufacturer of computer chips for graphics.

Shares of Rambus Inc. advanced by $1.82 to close @ $36.22.

Summary of The New York Markets:


DJIA: Closed Lower @ 11,235.47 (-39.06)

NASDAQ: Closed Lower @ 2,294.23 (-19.88)

S&P 500: Closed Lower @ 1,297.23 (-7.85)


NYMEX Crude Oil Future is currently @ $62.25/barrel

New York Spot Gold closed Lower @ $552.10/ounce

Currently, The U.S. Dollar buys 0.827 Euros

Currently, The Euro buys 1.2092 U.S. Dollars

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

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