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Economy

Economic Data (USA)

Friday, March 17, 2006

All 3 Majors Advanced Today on Cheaper Oil, Steady Economic Growth and Moderate Inflation

All 3 major indices gained today as crude oil for future delivery dropped below the $63 mark. 2,003,217,150 shares were traded @ The New York Stock Exchange® today.

For the week, The Dow Jones Industrial Average (DJIA) advanced by 1.84%, The NASDAQ Composite Index gained 1.96% and The S&P 500 Index gained 2%.


The shining star in the DJIA today was Boeing, which gained $1.12 (1.46%) to close @ a record $77.85.

The worst performance on the DJIA today came from General Motors: shares of GM fell by $1.09 (4.91%) to close @ $21.13; the stock then recovered $0.42 in after-hours trading this evening.


Shares of Goldman Sachs gained $2.67 (1.81%) to close @ $150.36; the stock then lost $0.46 in after-hours trading this evening.


Shares of Google gained $1.02 (0.30%) to close @ $339.79.

Shares of Tektronix gained $4.11 to close @ $36.70.


Shares of Maytag lost $1.23 to close @ $16.71.


Shares of Bausch & Lomb gained $3.81 to close @ $68.87.


Shares of copper giant Phelps Dodge gained $3.06 to close @ $75.57.

Shares of Southern Copper $2.38 to $83.89.


Summary of The New York Markets:

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

DJIA: Closed Higher @ 11,279.65 (+26.41)

NASDAQ: Closed Higher @ 2,306.48 (+6.92)

S&P 500: Closed Higher @ 1,307.25 (+1.92)

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NYMEX Crude Oil Future closed @ $62.80/barrel

New York Spot Gold closed Lower @ $554.00/ounce

Currently, The U.S. Dollar buys 0.8204 Euros

Currently, The Euro buys 1.219 U.S. Dollars

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


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