The 3 Majors Advanced In Response to Strong New Home Sales for April, Cheaper Crude Oil and A Decline In NY Spot Gold
The 3 major indices gained some ground today on strong New Home Sales for April; crude oil for future delivery fell below the $70 mark and New York Spot Gold got $36 cheaper. 2,264,374,230 shares were traded @ The New York Stock Exchange®.
Shares of global #2 passenger jet maker and Dow Jones Industrial Average (DJIA) component Boeing (BA) fell by $2.77 to close @ $82.38.
Shares of DJIA component General Motors (GM) gained $2.03 (8.29%) to close @ $26.51.
Shares of global #1 software maker and DJIA component Microsoft (MSFT) gained $0.71 to close @ $23.50.
IPO News
Today's initial public offering for Vonage Holdings (VG) has the unenviable distinction of being the worst performing IPO in the last 6 months: shares of Vonage lost $2.15 to close @ $14.85. The Vonage IPO raised over $531 million.
The MasterCard IPO is priced @ $39; the stock is expected to perform well. Stay tuned...
Shares of XM Satellite Radio Holdings (XMSR) fell by $1.76 to close @ $13.75.
Summary of The U.S. Markets:
----------------------------------------------------------
DJIA: Closed @ 11,117.32 (+18.97)
NASDAQ: Closed @ 2,169.17 (+10.41)
S&P 500: Closed @ 1,258.57 (+1.99)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $69.74/barrel
NY Spot Gold fell by $36.00 to close @ $637.40/ounce
Currently, The U.S. Dollar buys 0.7843 Euros
Currently, The Euro buys 1.275 U.S. Dollars
The U.S. Prime Rate (Fed Prime Rate) is 8.00%
Shares of global #2 passenger jet maker and Dow Jones Industrial Average (DJIA) component Boeing (BA) fell by $2.77 to close @ $82.38.
Shares of DJIA component General Motors (GM) gained $2.03 (8.29%) to close @ $26.51.
Shares of global #1 software maker and DJIA component Microsoft (MSFT) gained $0.71 to close @ $23.50.
IPO News
Today's initial public offering for Vonage Holdings (VG) has the unenviable distinction of being the worst performing IPO in the last 6 months: shares of Vonage lost $2.15 to close @ $14.85. The Vonage IPO raised over $531 million.
The MasterCard IPO is priced @ $39; the stock is expected to perform well. Stay tuned...
Shares of XM Satellite Radio Holdings (XMSR) fell by $1.76 to close @ $13.75.
Summary of The U.S. Markets:
----------------------------------------------------------
DJIA: Closed @ 11,117.32 (+18.97)
NASDAQ: Closed @ 2,169.17 (+10.41)
S&P 500: Closed @ 1,258.57 (+1.99)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $69.74/barrel
NY Spot Gold fell by $36.00 to close @ $637.40/ounce
Currently, The U.S. Dollar buys 0.7843 Euros
Currently, The Euro buys 1.275 U.S. Dollars
The U.S. Prime Rate (Fed Prime Rate) is 8.00%
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posted by Steve Brown | 5/24/2006 10:21:00 PM
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