The 3 Majors Lost Ground; Gold Climbed Higher; Crude Oil Got Cheaper
The 3 major indexes retreated today as investors worried that higher-than-expected Factory Orders may give The Fed impetus to raise interest rates beyond current predictions in order to keep inflation under control. 1,735,485,280 shares were traded @ The New York Stock Exchange®.
Shares of Dow Jones Industrial Average (DJIA) component Procter and Gamble lost $1.89 to close @ $56.22.
Shares of Bausch & Lomb fell by $4.78 to close @ $43.97 on news that other versions of the company's ReNu brand of contact lens cleaners have been associated with an eye infection that can cause blindness.
Shares of Adobe Systems fell by $3.29 to close @ $35.06. Adobe is the global #1 graphic design software maker.
Shares of WellPoint Incorporated fell by $4.50 to close @ $67.55. WellPoint is the U.S. #1 health insurance provider.
Shares of Cigna fell by $15.50 to close @ $90.00.
Summary of The New York Markets:
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DJIA: Closed Lower @ 11,400.28 (-16.17)
NASDAQ: Closed Lower @ 2,303.97 (-5.87 )
S&P 500: Closed Lower @ 1,307.85 (-5.36)
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NYMEX Crude Oil Future is currently @ $72.08/barrel
NY Spot Gold gained $1.80 to close @ $666.00/ounce
Currently, The U.S. Dollar buys 0.7915 Euros
Currently, The Euro buys 1.2634 U.S. Dollars
The U.S. Prime Rate (Fed Prime Rate) is 7.75%
Shares of Dow Jones Industrial Average (DJIA) component Procter and Gamble lost $1.89 to close @ $56.22.
Shares of Bausch & Lomb fell by $4.78 to close @ $43.97 on news that other versions of the company's ReNu brand of contact lens cleaners have been associated with an eye infection that can cause blindness.
Shares of Adobe Systems fell by $3.29 to close @ $35.06. Adobe is the global #1 graphic design software maker.
Shares of WellPoint Incorporated fell by $4.50 to close @ $67.55. WellPoint is the U.S. #1 health insurance provider.
Shares of Cigna fell by $15.50 to close @ $90.00.
Summary of The New York Markets:
----------------------------------------------------------
DJIA: Closed Lower @ 11,400.28 (-16.17)
NASDAQ: Closed Lower @ 2,303.97 (-5.87 )
S&P 500: Closed Lower @ 1,307.85 (-5.36)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $72.08/barrel
NY Spot Gold gained $1.80 to close @ $666.00/ounce
Currently, The U.S. Dollar buys 0.7915 Euros
Currently, The Euro buys 1.2634 U.S. Dollars
The U.S. Prime Rate (Fed Prime Rate) is 7.75%
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posted by Steve Brown | 5/03/2006 10:06:00 PM
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