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Economy

Economic Data (USA)

Tuesday, May 23, 2006

All 3 Major Indices Lost Ground As Commodities Got More Expensive

The 3 major indexes retreated today as the cost of crude for future delivery, gold and other commodities rose. 1,907,657,830 shares were traded @ The New York Stock Exchange®.


Shares of Dow Jones Industrial Average (DJIA) component Caterpillar (CAT) gained $0.85 to close @ $73.72.


Shares of DJIA component Home Depot (HD) lost $0.65 to close @ $37.84.


Shares of Whirlpool (WHR) gained $3.38 to close @ $88.00 on news that the company plans on selling its Hoover® vacuum cleaner subsidiary. Whirlpool recently bought Maytag, and is now the global #1 appliance manufacturer.


Shares of copper producer Phelps Dodge (PD) gained $3.26 to close @ $83.06.

Shares of Freeport-McMoRan Copper & Gold (FCX) gained $1.26 to close @ $55.53.

Shares of Allegheny Technologies (ATI) gained $3.51 to close @ $63.87.


Shares of ketchup king H.J. Heinz (HNZ) gained $2.05 to close @ $42.98.


Summary of The New York Markets
:

----------------------------------------------------------

DJIA: Closed @ 11,098.35 (-26.98)

NASDAQ: Closed @ 2,158.76 (-14.10)

S&P 500: Closed @ 1,256.58 (-5.49)

----------------------------------------------------------

NYMEX Crude Oil Future is currently @ $71.29/barrel

NY Spot Gold gained $16.30 to close @ $673.40/ounce

Currently, The U.S. Dollar buys 0.7811 Euros

Currently, The Euro buys 1.2803 U.S. Dollars

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


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