All 3 Majors Retreated As Crude Oil Jumped Back Up Into $70 Territory
The 3 major indices lost ground today as NYMEX crude oil for future delivery jumped back up into $70 territory. 2,048,034,910 shares were traded @ The New York Stock Exchange®.
Shares of NYSE Group (NYX) lost $1.65 to $62.85 on news that the company has made a $10.2 billion offer (cash and stock) for Euronext. Euronext is based in Paris, and is the #2 stock exchange in Europe. The NYSE Group owns the New York Stock Exchange®.
If the deal happens, the combined company would be:
Just In: Deutsche Börse has just submitted a competing bid for Euronext. Stay tuned...
Shares of global #1 aluminum producer and Dow Jones Industrial Average (DJIA) component Alcoa (AA) fell by $0.83 to close @ $31.15.
Shares of Yahoo! (YHOO) gained $0.93 to close @ $30.46.
Shares of Lowe's (LOW) fell by $2.82 to close @ $59.82.
Shares of Dow Chemical (DOW) fell by $0.92 to close @ $40.12. Dow Chemical is the U.S. #1 chemical manufacturer.
Shares of U.S. Steel (X) fell by $3.18 to close @ $60.82.
Shares of KLA-Tencor (KLAC) fell by $4.70 to close @ $40.54.
Summary of The New York Markets:
----------------------------------------------------------
DJIA: Closed @ 11,125.33 (-18.73)
NASDAQ: Closed @ 2,172.86 (-21.02)
S&P 500: Closed @ 1,262.07 (-4.96)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $70.34/barrel
NY Spot Gold gained $0.10 to close @ $657.10/ounce
Currently, The U.S. Dollar buys 0.7773 Euros
Currently, The Euro buys 1.2864 U.S. Dollars
The U.S. Prime Rate (Fed Prime Rate) is 8.00%
Shares of NYSE Group (NYX) lost $1.65 to $62.85 on news that the company has made a $10.2 billion offer (cash and stock) for Euronext. Euronext is based in Paris, and is the #2 stock exchange in Europe. The NYSE Group owns the New York Stock Exchange®.
If the deal happens, the combined company would be:
- the first transatlantic securities market,
- worth $21.2 billion.
- a truly massive exchange: the total value of listed companies would be about $27 trillion.
Just In: Deutsche Börse has just submitted a competing bid for Euronext. Stay tuned...
Shares of global #1 aluminum producer and Dow Jones Industrial Average (DJIA) component Alcoa (AA) fell by $0.83 to close @ $31.15.
Shares of Yahoo! (YHOO) gained $0.93 to close @ $30.46.
Shares of Lowe's (LOW) fell by $2.82 to close @ $59.82.
Shares of Dow Chemical (DOW) fell by $0.92 to close @ $40.12. Dow Chemical is the U.S. #1 chemical manufacturer.
Shares of U.S. Steel (X) fell by $3.18 to close @ $60.82.
Shares of KLA-Tencor (KLAC) fell by $4.70 to close @ $40.54.
Summary of The New York Markets:
----------------------------------------------------------
DJIA: Closed @ 11,125.33 (-18.73)
NASDAQ: Closed @ 2,172.86 (-21.02)
S&P 500: Closed @ 1,262.07 (-4.96)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $70.34/barrel
NY Spot Gold gained $0.10 to close @ $657.10/ounce
Currently, The U.S. Dollar buys 0.7773 Euros
Currently, The Euro buys 1.2864 U.S. Dollars
The U.S. Prime Rate (Fed Prime Rate) is 8.00%
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posted by Steve Brown | 5/22/2006 11:29:00 PM
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