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Economic Data (USA)

Monday, May 15, 2006

The Dow and S&P 500 Advanced In Response To Cheaper Commodities; The NASDAQ Lost Ground

The Dow Jones Industrial Average (DJIA) and the S&P500 both advanced today as the cost of commodities fell: New York Spot Gold got $26.90 cheaper while NYMEX crude oil for future delivery fell below the $69 mark. The NASDAQ lost 5.26 points. 1,869,363,790 shares were traded @ The New York Stock Exchange®.

Shares of DJIA component Johnson & Johnson advanced by $1.14 to close @ $59.97 on news that rival medical device maker Boston Scientific is having problems with heart devices produced by its Guidant subsidiary. Johnson & Johnson is the global #1 manufacturer of medical devices.

Shares of aluminum giant and DJIA component Alcoa fell by $1.34 to close @ $33.47.

Shares of Gilead gained $1.54 to close @ $57.08 on news that the company may do better-than-expected with sales of drugs that treat HIV. Gilead makes the influenza drug Tamiflu®.

Shares of Target Corporation fell by $2.19 to close @ $50.02 on news of faltering profits.

Shares of Bausch & Lomb gained $5.64 to close @ $50.08.

Shares of Newmont Mining fell by $2.00 to close @ $54.31.

Summary of The New York Markets


DJIA: Closed @ 11,428.77 (+47.78)

NASDAQ: Closed @ 2,238.52 (-5.26)

S&P 500: Closed @ 1,294.50 (+3.26)


NYMEX Crude Oil Future is currently @ $68.79/barrel

NY Spot Gold fell by $26.90 to close @ $683.60/ounce

Currently, The U.S. Dollar buys 0.7796 Euros

Currently, The Euro buys 1.2826 U.S. Dollars

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



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