All 3 Major Indices Retreated Today; Every Component in The DJIA Lost Value
The 3 major indexes lost ground today as crude for future delivery got more expensive and a Conference Board report showed that Consumer Confidence is waning; all 30 components in the Dow Jones Industrial Average (DJIA) lost value today. 1,549,400,130 shares were traded @ The New York Stock Exchange®.
Shares of global #1 retailer and DJIA component Wal-Mart (WMT) lost $1.35 (2.72%) to close @ $48.30.
Shares of DJIA component General Motors (GM) lost $1.51 (5.38%) to close @ $26.57.
Shares of DJIA component Home Depot (HD) lost $0.97 (2.51%) to close @ $37.70.
Shares of pipeline concern Kinder Morgan (KMI) gained $15.90 (18.84%) to close @ $100.31 on news that company co-founder Richard Kinder is spearheading a takeover effort with investors.
President Bush has nominated Goldman Sachs CEO Henry Paulson to be the next Treasury Secretary.
Shares of Goldman Sachs Group (GS) fell by $3.11 (2.03%) to close @ $149.83.
Shares of Tribune Co. (TRB) gained $2.01 (7.21%) to close @ $29.90 on news that the company will buy back $2 billion worth of stock (about 25 percent of shares.) Tribune is the U.S. #2 publisher of newspapers.
Summary of The U.S. Markets:
----------------------------------------------------------
DJIA: Closed @ 11,094.43 (-184.18)
NASDAQ: Closed @ 2,164.74 (-45.63 )
S&P 500: Closed @ 1,259.84 (-20.32)
----------------------------------------------------------
NYMEX Crude Oil Future closed @ $72.01/barrel
NY Spot Gold gained $3.50 to close @ $654.30/ounce
Currently, The U.S. Dollar buys 0.7778 Euros
Currently, The Euro buys 1.2858 U.S. Dollars
The U.S. Prime Rate (Fed Prime Rate) is 8.00%
Shares of global #1 retailer and DJIA component Wal-Mart (WMT) lost $1.35 (2.72%) to close @ $48.30.
Shares of DJIA component General Motors (GM) lost $1.51 (5.38%) to close @ $26.57.
Shares of DJIA component Home Depot (HD) lost $0.97 (2.51%) to close @ $37.70.
Shares of pipeline concern Kinder Morgan (KMI) gained $15.90 (18.84%) to close @ $100.31 on news that company co-founder Richard Kinder is spearheading a takeover effort with investors.
President Bush has nominated Goldman Sachs CEO Henry Paulson to be the next Treasury Secretary.
Shares of Goldman Sachs Group (GS) fell by $3.11 (2.03%) to close @ $149.83.
Shares of Tribune Co. (TRB) gained $2.01 (7.21%) to close @ $29.90 on news that the company will buy back $2 billion worth of stock (about 25 percent of shares.) Tribune is the U.S. #2 publisher of newspapers.
Summary of The U.S. Markets:
----------------------------------------------------------
DJIA: Closed @ 11,094.43 (-184.18)
NASDAQ: Closed @ 2,164.74 (-45.63 )
S&P 500: Closed @ 1,259.84 (-20.32)
----------------------------------------------------------
NYMEX Crude Oil Future closed @ $72.01/barrel
NY Spot Gold gained $3.50 to close @ $654.30/ounce
Currently, The U.S. Dollar buys 0.7778 Euros
Currently, The Euro buys 1.2858 U.S. Dollars
The U.S. Prime Rate (Fed Prime Rate) is 8.00%
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posted by Steve Brown | 5/30/2006 07:42:00 PM
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