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Economy

Economic Data (USA)

Friday, March 03, 2006

All 3 Majors Closed Lower On the Day; The NASDAQ Composite Was The Only Major Index to Gain On The Week

All 3 major indexes retreated today as an estimated 1.57 billion shares were traded on The Big Board.

For the week, The Dow Jones Industrial Average (DJIA) fell by 0.4%, The NASDAQ Composite Index gained 0.7% and The S&P 500 Index fell by 0.2%.


Boeing may close a deal to sell 17 super-efficient 787 passenger jets to Russian commercial carriers.

Shares of Boeing gained $0.59 to close @ $73.39. Boeing is the global #2 commercial jet manufacturer.


Shares of Novell fell by $1.63 (17%) to close @ $7.90.


Shares of FedEx gained $2.10 to close @ $111.50.


Shares of Wendy's International gained $2.10 to close @ $60.54 on news that the company may sell its Baja Fresh subsidiary.


Today's Numbers:

DJIA: Closed Lower @ 11,021.59 (-3.92)

NASDAQ: Closed Lower @ 2,302.60 (-8.51)

S&P 500: Closed Lower @ 1,287.23 (-1.91)

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NYMEX Crude Oil closed @ $63.67/barrel

New York Spot Gold closed Lower @ $565.80/ounce

Currently, The U.S. Dollar buys 0.8303 Euros

Currently, The Euro buys 1.2044 U.S. Dollars

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


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