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Economy

Economic Data (USA)

Wednesday, May 31, 2006

All 3 Majors Advanced On Cheaper Crude

The 3 major indices advanced today as crude oil for future delivery got cheaper; the specter of another Fed interest rate hike wasn't enough to produce a pall of bearishness in the New York equities markets today. 1,985,792,270 shares were traded @ The New York Stock Exchange®.


Shares of #2 Texas power provider NRG (NRG) gained $6.74 to close @ $49.75 on news of a unsolicited, $7.86 billion buyout offer by Mirant.


Shares of Freddie Mac (FRE) fell by $1.54 to close @ $60.04.


Shares of Monsanto (MON) gained $1.98 to close @ $84.16.


Shares of Rambus (RMBS) fell by $1.58 to close @ $24.26.


Summary of The U.S. Markets
:

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

DJIA: Closed @ 11,168.31 (+73.88)

NASDAQ: Closed @ 2,178.88 (+14.14)

S&P 500: Closed @ 1,270.09 (+10.25)

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

NYMEX Crude Oil Future is currently @ $70.95/barrel

NY Spot Gold fell by $7.30 to close @ $643.50/ounce

Currently, The U.S. Dollar buys 0.7839 Euros

Currently, The Euro buys 1.2756 U.S. Dollars

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


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