.comment-link {margin-left:.6em;}


Economic Data (USA)

Tuesday, May 16, 2006

The 3 Majors Indexes Lost Ground As Investors Worried About Signs of Slowing Consumer Spending

The 3 majors indices lost ground today: a government report on Housing Starts showed fewer-than-expected starts last month, which was seen as a possible harbinger of declining consumer spending. 1,686,140,090 shares were traded @ The New York Stock Exchange®.

Shares of home improvement giant and Dow Jones Industrial Average (DJIA) component Home Depot fell by $2.05 (over 5%) to close @ $38.45 on news that first-quarter revenue missed analysts' estimates.

Shares of Apple Computer fell by $2.81 to close @ $64.98 on news that Creative Technology, maker of the Zen digital music player, has filed a lawsuit against Apple with the aim of freezing sales of the immensely popular iPod music player.

Shares of Sepracor gained $6.28 to close @ $51.10 on news that the FDA has postponed the approval of a drug made by Neurocrine and Pfizer that hopes to compete with Sepracor 's LunestaTM sleeping pill.

Shares of Neurocrine fell by $33.87 (62%) to close @ $20.76.

Shares of Deere & Co. gained $1.79 to close @ $89.31 on news of strong Q2 profits. Deere is the global #1 manufacturer of farm machinery.

Shares of Agilent Technologies fell by $3.12 to close @ $34.85 on news of sagging sales. Agilent is the global #1 manufacturer of scientific testing equipment.

Shares of Carnival fell by $3.94 to close @ $42.60. Carnival is the global #1 ocean cruise operator.

Shares of Staples fell by $1.60 to close @ $24.82.

Summary of The New York Markets


DJIA: Closed @ 11,419.89 (-8.88)

NASDAQ: Closed @ 2,229.13 (-9.39)

S&P 500: Closed @ 1,292.08 (-2.42)


NYMEX Crude Oil Future is currently @ $69.58/barrel

NY Spot Gold gained $8.20 to close @ $691.80/ounce

Currently, The U.S. Dollar buys 0.7782 Euros

Currently, The Euro buys 1.285 U.S. Dollars

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



Post a Comment

<< Home



Entire Website © 2022 FedPrimeRate.comSM

This website is neither affiliated nor associated with The United States Federal Reserve in any way.
Information in this website is provided for educational purposes only. The owners of this website
make no warranties with respect to any and all content contained within this website. Consult a
financial professional before making important decisions related to any investment or loan
product, including, but not limited to, business loans, personal loans, education loans, first
or second mortgages, credit cards, car loans or any type of insurance.