The 3 Majors Declined Today On Comments by Fed Chairman Bernanke and Crude Oil Volatility
The 3 major indices retreated today: interest rates were on the minds of investors, as they reacted to comments made by Fed Chairman Ben Bernanke; jitters about crude oil contributed to the day's bearishness. 1,623,549,880 shares were traded @ The New York Stock Exchange®.
Shares of Dow Jones Industrial Average (DJIA) component Caterpillar (CAT) fell by $3.48 (-4.78%) to close @ $69.33.
Shares of DJIA component Alcoa (AA) fell by $1.19 (-3.65%) to close @ $31.38.
Shares of NYSE Group (NYX) fell by $1.01 (-1.57%) to close @ $63.50.
Shares of Google (GOOG) fell by $5.00 (-1.32%) to close @ $374.44; the stock then recovered $0.76 in after-hours trading this evening.
Shares of U.S. Steel (X) lost $4.49 (-6.46%) to close @ $65.02; the stock then lost an additional $0.12 in after-hours trading this evening.
Shares of Allegheny Technologies (ATI) fell by $4.82 (-7.19%) to close @ $62.20; the stock then recovered $0.25 in after-hours trading this evening.
Many energy stocks declined today as the price on crude oil for future delivery surged, then retreated.
Shares of DJIA component Exxon Mobil (XOM) fell by $1.60 (-2.60%) to close @ $60.05.
Shares of Sunoco (SUN) fell by $2.65 (-3.74%) to close @ $68.29; the stock then recovered $0.71 in after-hours trading this evening.
Shares of Chevron (CVX) fell by $1.40 (-2.30%) to close @ $59.35.
Shares of ConocoPhillips (COP) fell by $1.97 (-3.05%) to close @ $62.54.
Shares of Valero Energy (VLO) fell by $2.40 (-3.81%) to close @ $60.65.
Shares of Trizec Properties (TRZ) gained $4.08 (+16.59%) to close @ $28.68 on news that Brookfield Properties Corporation will buy Trizec.
Shares of D.R. Horton (DHI) lost $1.35 (-5.16%) to close @ $24.81.
Shares of Pulte Homes (PHM) fell by $1.58 (-5.04%) to close @ $29.75.
Shares of Freeport-McMoRan Copper & Gold (FCX) fell by $4.83 (-8.51%) to close @ $51.91; the stock then recovered $0.82 in after-hours trading this evening.
Summary of The U.S. Markets:
----------------------------------------------------------
DJIA: Closed @ 11,048.72 (-199.15)
NASDAQ: Closed @ 2,169.62 (-49.79)
S&P 500: Closed @ 1,265.29 (-22.93)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $72.38/barrel
NY Spot Gold gained $6.40 to close @ $643.20/ounce
Currently, The U.S. Dollar buys 0.7753 Euros
Currently, The Euro buys 1.2899 U.S. Dollars
The U.S. Prime Rate (WSJ Prime Rate) is 8.00%
Shares of Dow Jones Industrial Average (DJIA) component Caterpillar (CAT) fell by $3.48 (-4.78%) to close @ $69.33.
Shares of DJIA component Alcoa (AA) fell by $1.19 (-3.65%) to close @ $31.38.
Shares of NYSE Group (NYX) fell by $1.01 (-1.57%) to close @ $63.50.
Shares of Google (GOOG) fell by $5.00 (-1.32%) to close @ $374.44; the stock then recovered $0.76 in after-hours trading this evening.
Shares of U.S. Steel (X) lost $4.49 (-6.46%) to close @ $65.02; the stock then lost an additional $0.12 in after-hours trading this evening.
Shares of Allegheny Technologies (ATI) fell by $4.82 (-7.19%) to close @ $62.20; the stock then recovered $0.25 in after-hours trading this evening.
Many energy stocks declined today as the price on crude oil for future delivery surged, then retreated.
Shares of DJIA component Exxon Mobil (XOM) fell by $1.60 (-2.60%) to close @ $60.05.
Shares of Sunoco (SUN) fell by $2.65 (-3.74%) to close @ $68.29; the stock then recovered $0.71 in after-hours trading this evening.
Shares of Chevron (CVX) fell by $1.40 (-2.30%) to close @ $59.35.
Shares of ConocoPhillips (COP) fell by $1.97 (-3.05%) to close @ $62.54.
Shares of Valero Energy (VLO) fell by $2.40 (-3.81%) to close @ $60.65.
Shares of Trizec Properties (TRZ) gained $4.08 (+16.59%) to close @ $28.68 on news that Brookfield Properties Corporation will buy Trizec.
Shares of D.R. Horton (DHI) lost $1.35 (-5.16%) to close @ $24.81.
Shares of Pulte Homes (PHM) fell by $1.58 (-5.04%) to close @ $29.75.
Shares of Freeport-McMoRan Copper & Gold (FCX) fell by $4.83 (-8.51%) to close @ $51.91; the stock then recovered $0.82 in after-hours trading this evening.
Summary of The U.S. Markets:
----------------------------------------------------------
DJIA: Closed @ 11,048.72 (-199.15)
NASDAQ: Closed @ 2,169.62 (-49.79)
S&P 500: Closed @ 1,265.29 (-22.93)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $72.38/barrel
NY Spot Gold gained $6.40 to close @ $643.20/ounce
Currently, The U.S. Dollar buys 0.7753 Euros
Currently, The Euro buys 1.2899 U.S. Dollars
The U.S. Prime Rate (WSJ Prime Rate) is 8.00%
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posted by Steve Brown | 6/05/2006 08:25:00 PM
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