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Economy

Economic Data (USA)

Friday, May 05, 2006

The 3 Majors Advanced; The Dow Achieves Third-Highest Close In Its History

The 3 major indices advanced today as the Dow Jones Industrial Average (DJIA) closed with the third-highest point value in its history. Crude for future delivery closed below the $70 mark and New York Spot Gold reached $682.40 per ounce. 1,684,599,160 shares were traded @ The New York Stock Exchange®.

For the week, the DJIA gained 1.9%, the NASDAQ Composite Index gained 0.9%, and the S&P 500 gained 1.2%.


Shares of DJIA component Caterpillar gained $1.17 to a record $79.98 on news of strong profits and a bright future for the company's gas drilling equipment.


Shares of DJIA component United Technologies added $1.14 to close @ a record high $64.91. Q1 profits beat analysts' predictions, and the company recently raised its profit forecast for 2006.


Shares of eBay lost $1.72 to close @ $32.39.


Shares of insurance broker Aon lost $3.95 to close @ $37.84.


Shares of mortgage giant Fannie Mae gained $0.99 to close @ $51.41.

Shares of Countrywide gained $1.48 to close @ $41.38. Countrywide is the #1 U.S. mortgage company by size.


Shares of the #1 Texas electricity provider TXU gained $1.85 to $58.14.


Summary of The New York Markets:

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DJIA: Closed @ 11,577.74 (+138.88)

NASDAQ: Closed @ 2,342.57 (+18.67)

S&P 500: Closed @ 1,325.76 (+13.51)

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NYMEX Crude Oil Future closed @ $69.97/barrel

NY Spot Gold gained $7.80 to close @ $682.40/ounce

Currently, The U.S. Dollar buys 0.7857 Euros

Currently, The Euro buys 1.2727 U.S. Dollars

The U.S. Prime Rate (WSJ Prime Rate) is 7.75%


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