All 3 Majors Advanced Today As Investors' Concerns About Future Interest Rate Hikes Waned

The February Retail Sales report released by the Commerce Department this morning helped set a bullish mood on Wall Street; slower retail sales eased investor concerns that The Fed may raise the cardinal Fed Funds Rate beyond 5%. An estimated 1.56 billion shares were traded on The Big Board today.


Goldman Sachs gained $8.70 to close @ $149.42; the company reported strong first quarter earnings.

Lehman Brothers is also expected to report strong earnings tomorrow; shares of Lehman Brothers gained $3.08 to close @ $145.30.


Shares of Google gained $14.10 to close @ $351.16.

Shares of Comverse Technology lost $4.30 to close @ $24.85; Comverse is the global #1 producer of voice mail software.


Shares of D.R. Horton gained $2.13 to close @ $33.68; D.R. Horton is the U.S. #1 builder of homes.


Shares of U.S. Steel gained $2.24 to close @ $57.68.


Shares of Chipotle Mexican Grill gained $5.29 to close @ $48.70 on news of strong Q4 2005 profits.


Shares of Dow Jones Industrial Average (DJIA) component Procter & Gamble fell by $1.97 to close @ $60.01.


Shares of copper producer Phelps Dodge added $4.02 to $71.46.


Today's Numbers:

DJIA: Closed Higher @ 11,151.34 (+75.32)

NASDAQ: Closed Higher @ 2,295.90 (+28.87)

S&P 500: Closed Higher @ 1,297.48 (+13.35)

----------------------------------------------------------

NYMEX Crude Oil Future is currently @ $62.65/barrel

New York Spot Gold closed Higher @ $551.60/ounce

Currently, The U.S. Dollar buys 0.8322 Euros

Currently, The Euro buys 1.2016 U.S. Dollars

The Fed Prime Rate is 7.5%

--> www.FedPrimeRate.com Privacy Policy <-- >  SITEMAP  <