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Economic Data (USA)

Monday, May 08, 2006

DJIA and NASDAQ Advanced; S&P 500 Lost A Little Over One Point

The NASDAQ and the Dow Jones Industrial Average (DJIA) gained some ground, while the S&P 500 lost a bit more than a point today as investors' minds focused on the Fed monetary policy meeting coming this Wednesday. 1,550,473,210 shares were traded @ The New York Stock Exchange®.

Wachovia is buying Golden West Financial.

Shares of Golden West Financial gained $4.39 to close @ $74.90.

Shares of Wachovia fell by $3.97 to close @ $55.42.

Thermo Electron is buying Fisher; the combined company will be the global #1 medical laboratory equipment supplier.

Shares of Fisher gained $2.22 to close @ $75.95.

Shares of Thermo Electron fell by $0.91 to close @ $38.54.

Copper prices are so high that it now costs the American government $0.0123 to make a penny: the government is making pennies at a loss!

Global #1 zinc miner Teck Cominco has made an unsolicited, $16 billion purchase offer for nickel and copper producer Inco.

Inco is interested in purchasing Falconbridge, a merger that would created the world's largest nickel producer.

Shares of Inco gained $8.01 to close @ $67.09.

Shares of aluminum giant and DJIA component Alcoa gained $1.02 to close @ $36.12 on speculation that mining companies may be interested in buying Alcoa.

Shares of global #2 aluminum producer Alcan rose by $2.05 to close @ $56.05.

Shares of oil and natural gas concern EOG Resources fell by $1.76 to close @ $74.55.

Summary of The New York Markets:


DJIA: Closed @ 11,584.54 (+6.80)

NASDAQ: Closed @ 2,344.99 (+2.42)

S&P 500: Closed @ 1,324.66 (-1.10)


NYMEX Crude Oil Future is currently @ $69.92/barrel

NY Spot Gold fell by $5.00 to close @ $677.40/ounce

Currently, The U.S. Dollar buys 0.7877 Euros

Currently, The Euro buys 1.2696 U.S. Dollars

The U.S. Prime Rate (WSJ Prime Rate) is 7.75%

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