The NASDAQ Composite The Only Gainer of The 3 Majors Today As Investors Reacted To Government Reports

Among the 3 major indexes, The NASDAQ Composite Index was the only index to advance today as investors reacted to government reports released this morning (low unemployment may lead to wage inflation, which in turn may prompt The Fed to raise the benchmark Fed Funds Target Rate beyond 5% later this year.) 1,614,459,140 shares were traded @ The New York Stock Exchange® today.


The worst performer in The Dow Jones Industrial Average (DJIA) today was General Motors; shares of GM fell by $1.09 to close @ $21.06.


Shares of Google fell by $6.54 to close @ $388.44.

Shares of Texas Instruments advanced by $1.09 to close @ $33.08.

Shares of ATI Technologies gained $1.32 to close @ $17.05.


Metal producers are flourishing as prices for metals like gold, copper, zinc, platinum and silver continue to climb.

Shares of Phelps Dodge gained $4.46 to close @ $81.48. Phelps Dodge is the global #3 copper producer.

Shares of Newmont Mining gained $1.44 to close @ $52.93. Newmont Mining is the global #2 gold producer.


Summary of The New York Markets:

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DJIA: Closed Lower @ 11,150.70 (-65.00)

NASDAQ: Closed Higher @ 2,340.82 (+3.04)

S&P 500: Closed Lower @ 1,300.25 (-2.64)

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NYMEX Crude Oil Future is currently @ $66.86/barrel

NY Spot Gold gained $12.70 to close @ $585.80/ounce

Currently, The U.S. Dollar buys 0.8221 Euros

Currently, The Euro buys 1.2164 U.S. Dollars

The U.S. Prime Rate is 7.75%

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