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Economic Data (USA)

Thursday, May 25, 2006

The 3 Major Indexes Gained, Buoyed by The Release of Preliminary U.S. GDP Numbers for Q1

All 3 major indices advanced today, buoyed by the release of preliminary GDP numbers for the first-quarter. 1,734,583,180 shares were traded @ The New York Stock Exchange®.

Shares of global #1 retailer and Dow Jones Industrial Average (DJIA) component Wal-Mart (WMT) gained $1.42 to $49.45.

Shares of DJIA component General Motors (GM) gained $1.39 (5.24%) to close @ $27.90.

Crude oil for future delivery cruised past the $71 mark today.

Shares of oil giant and DJIA component Exxon Mobil (XOM) gained $1.42 to close @ $61.52; the stock then gained an additional $0.47 in after-hours action this evening.

Shares of Chevron (CVX) gained $1.89 to close @ $59.49.

MasterCard IPO

MasterCard raised $2.39 billion in their IPO yesterday on 61.5 million shares sold. Today, shares of MasterCard (MA) gained $7.00 (17.95%) to close @ $46.00. MasterCard plans on using the IPO cash to buy out the 1,400 financial institutions which currently own the company.

Shares of Vonage (VG) fell by $1.85 (12.46%) to close @ $13.00.

Shares of Yahoo! and eBay surged after a strategic partnership between the two Internet giants was announced today.

Shares of Yahoo! (YHOO) gained $1.13 (3.55%) to close @ $32.92.

Shares of eBay (EBAY) gained $3.68 (12.19%) to close @ $33.88.

Shares of Stone Energy (SGY) gained $9.19 (22.55%) to close @ $49.95.

Shares of Big Lots (BLA) gained $2.80 (20.73%) to close @ $16.31.

Shares of Mittal Steel (MT) gained $2.76 (9.34%) to close @ $32.31.

Summary of The U.S. Markets


DJIA: Closed @ 11,211.05 (+93.73)

NASDAQ: Closed @ 2,198.24 (+29.07)

S&P 500: Closed @ 1,272.88 (+14.31)


NYMEX Crude Oil Future is currently @ $71.48/barrel

NY Spot Gold gained $10.90 to close @ $648.30/ounce

Currently, The U.S. Dollar buys 0.7804 Euros

Currently, The Euro buys 1.2814 U.S. Dollars

The U.S. Prime Rate (Fed Prime Rate) is 8.00%

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