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:
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%
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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posted by Steve Brown | 3/21/2006 10:01:00 PM
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