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Economy

Economic Data (USA)

Thursday, March 16, 2006

The Dow and S&P 500 Gained; The NASDAQ Lost About A Dozen Points

The Dow Jones Industrial Average (DJIA) and the S&P 500 advanced today, aided by a Labor Department report that showed moderate inflation for February, 2006 (moderate inflation reduces the chance that the Fed will raise the cardinal Fed Funds Rate beyond 5%.) The tech-heavy NASDAQ lost about a dozen points. An estimated 1.66 billion shares were traded @ The New York Stock Exchange® today.


Shares of Google lost $5.73 to close @ $338.77.

Shares of Apple Computer fell by $1.92 to close @ $64.31.


Shares of Barnes & Noble gained $4.18 to close @ $47.40. Barnes & Noble is the U.S. #1 retailer of books.


Shares of Bear Stearns lost $0.94 to close @ $133.27.


Shares of ConAgra Foods lost $0.91 to close @ $19.50. ConAgra is the U.S. #3 food company by size.


Today's Numbers:

DJIA: Closed Higher @ 11,253.24 (+43.47)

NASDAQ: Closed Lower @ 2,299.56 (-12.28)

S&P 500: Closed Higher @ 1,305.33 (+2.31)

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NYMEX Crude Oil Future is currently @ $63.52/barrel

New York Spot Gold closed Higher @ $554.40/ounce

Currently, The U.S. Dollar buys 0.8228 Euros

Currently, The Euro buys 1.2154 U.S. Dollars

The U.S. Prime Rate is 7.5%


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