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Economy

Economic Data (USA)

Thursday, March 09, 2006

All 3 Major Indices Retreated Today As Investors Worried About Continued Interest Rate Hikes By The Fed

All 3 major indexes finished lower today as comments made by Timothy Geithner, who is the President of The New York Federal Reserve Bank and a voting members of the FOMC, had investors concerned about future interest rate hikes. An estimated 1.56 billion shares were traded on The Big Board today.


Shares of General Motors advanced by $0.92 to close @ $21.34; GM was the top gainer in the Dow Jones Industrial Average (DJIA) today.


Shares of NYSE Group fell by $3.90 to close @ $76.10.


Shares of Google fell by $10.88 to close @ $343.00.

Shares of Intuit gained $3.22 to close @ $51.73. Intuit is the global #1 producer of tax preparation software.


Shares of Biogen gained $2.03 to close @ $47.54.

Shares of Ecolab gained $2.49 to close @ $38.97.


Today's Numbers:

DJIA: Closed Lower @ 10,972.28 (-33.46)

NASDAQ: Closed Lower @ 2,249.72 (-17.74)

S&P 500: Closed Lower @ 1,272.23 (-6.24)

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NYMEX Crude Oil is currently @ $60.65/barrel

New York Spot Gold closed Higher @ $545.50/ounce

Currently, The U.S. Dollar buys 0.8407 Euros

Currently, The Euro buys 1.1896 U.S. Dollars

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


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