The 3 Majors Closed with Modest Gains Today As Crude Oil & Gold Got Cheaper
The 3 major indices closed with modest gains today as both New York Spot Gold and NYMEX crude oil for future delivery got cheaper; the dollar gained against the euro. 2,216,245,150 shares were traded @ The New York Stock Exchange®.
For the week, the Dow Jones Industrial Average (DJIA) fell by 2.1%, the NASDAQ Composite Index fell by 2.2%, and the S&P 500 fell by 1.9%.
Dell announced that it will start using Opteron processors made by Advanced Micro Devices (AMD) in some high-end servers by the end of this year. This is big news for AMD, as Dell was the only major PC manufacturer that wasn't using AMD chips. Dell's exclusivity agreement with Intel--which lasted 22 years--is no more.
Shares of Advanced Micro Devices (AMD) gained $3.60 (11.48%) to close @ $34.95.
Shares of Dell (DELL) gained $0.62 to close @ $24.57.
Shares of DJIA component Intel (INTC) fell by $0.29 to close @ $18.36.
Shares of Marvell Technology Group (MRVL) gained $6.51 to close @ $56.22 on news of strong revenue in the first-quarter.
Shares of the global #2 biotech concern Genentech Inc. (DNA) gained $4.10 to close @ $80.03. The company expects FDA approval of Lucentis®, a drug that treats wet, age-related macular degeneration, at the end of next month.
Shares of Caremark Rx Inc. (CMX) fell by $3.34 to close @ $45.55. Caremark Rx is the U.S. #2 drug benefits management company.
Summary of The New York Markets:
----------------------------------------------------------
DJIA: Closed @ 11,144.06 (+15.77)
NASDAQ: Closed @ 2,193.88 (+13.56)
S&P 500: Closed @ 1,267.03 (+5.22)
----------------------------------------------------------
NYMEX Crude Oil Future closed @ $68.53/barrel
NY Spot Gold fell by $23.60 to close @ $657.00/ounce
Currently, The U.S. Dollar buys 0.7826 Euros
Currently, The Euro buys 1.2778 U.S. Dollars
The U.S. Prime Rate (WSJ Prime Rate) is 8.00%
For the week, the Dow Jones Industrial Average (DJIA) fell by 2.1%, the NASDAQ Composite Index fell by 2.2%, and the S&P 500 fell by 1.9%.
Dell announced that it will start using Opteron processors made by Advanced Micro Devices (AMD) in some high-end servers by the end of this year. This is big news for AMD, as Dell was the only major PC manufacturer that wasn't using AMD chips. Dell's exclusivity agreement with Intel--which lasted 22 years--is no more.
Shares of Advanced Micro Devices (AMD) gained $3.60 (11.48%) to close @ $34.95.
Shares of Dell (DELL) gained $0.62 to close @ $24.57.
Shares of DJIA component Intel (INTC) fell by $0.29 to close @ $18.36.
Shares of Marvell Technology Group (MRVL) gained $6.51 to close @ $56.22 on news of strong revenue in the first-quarter.
Shares of the global #2 biotech concern Genentech Inc. (DNA) gained $4.10 to close @ $80.03. The company expects FDA approval of Lucentis®, a drug that treats wet, age-related macular degeneration, at the end of next month.
Shares of Caremark Rx Inc. (CMX) fell by $3.34 to close @ $45.55. Caremark Rx is the U.S. #2 drug benefits management company.
Summary of The New York Markets:
----------------------------------------------------------
DJIA: Closed @ 11,144.06 (+15.77)
NASDAQ: Closed @ 2,193.88 (+13.56)
S&P 500: Closed @ 1,267.03 (+5.22)
----------------------------------------------------------
NYMEX Crude Oil Future closed @ $68.53/barrel
NY Spot Gold fell by $23.60 to close @ $657.00/ounce
Currently, The U.S. Dollar buys 0.7826 Euros
Currently, The Euro buys 1.2778 U.S. Dollars
The U.S. Prime Rate (WSJ Prime Rate) is 8.00%
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posted by Steve Brown | 5/19/2006 07:39:00 PM
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