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

Economy

Economic Data (USA)

Thursday, May 11, 2006

All 3 Major Indices Retreated Today On Inflation Fears: Gold Hits $720.10 per Ounce

All 3 major indexes lost ground today as investors worried about inflation: the price on New York Spot Gold, which closed @ $720.10 per ounce earlier today, contributed much to the day's bearishness. 1,825,773,090 shares were traded @ The New York Stock Exchange®.


Shares of Dow Jones Industrial Average (DJIA) component AIG fell by $3.39 to close @ $63.15 on news of sagging profits in the first-quarter.


Shares of Movie Gallery gained $1.62 to close @ $4.78 on news of strong first-quarter profits. Movie Gallery is the U.S. #2 video rental company.


Shares of UnitedHealth Group fell by $1.80 to close @ $44.37 on news that the SEC has launched an informal inquiry into the company's stock-options grants. UnitedHealth may have to restate 3 years worth of earnings. UnitedHealth is the U.S. #2 health insurance provider.


Summary of The New York Markets
:

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

DJIA: Closed @ 11,500.73 (-141.92)

NASDAQ: Closed @ 2,272.70 (-48.04)

S&P 500: Closed @ 1,305.92 (-16.93)

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

NYMEX Crude Oil Future is currently @ $72.59/barrel

NY Spot Gold gained $16.40 to close @ $720.10/ounce

Currently, The U.S. Dollar buys 0.7776 Euros

Currently, The Euro buys 1.286 U.S. Dollars

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


>  SITEMAP  <

Links to this post:

Create a Link

<< Home


www.FedPrimeRate.com
Entire Website © 2017 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.