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Economy

Economic Data (USA)

Friday, June 16, 2006

The 3 Majors Lost Some Ground Today; The Dow Advanced for The Week

All 3 major indices lost some ground today; 2,007,852,720 shares were traded @ The New York Stock Exchange®.

For the week, the Dow Jones Industrial Average (DJIA) gained 1.1%, the NASDAQ Composite Index fell by 0.2%, and the S&P 500 Index fell by 0.1%.


Shares of DJIA component Hewlett-Packard (HPQ) gained $1.16 (+3.64%) to close @ $33.04.


Shares of White Mountains Insurance Group (WTM) fell by $27.50 (-5.32%) to close @ $489.00 on news that subsidiary Folksamerica Reinsurance Company has boosted gross loss estimates for 2005 hurricanes Katrina, Rita and Wilma by about $203 million.


Summary of The U.S. Markets
:

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

DJIA: Closed @ 11,014.55 (-0.64)

NASDAQ: Closed @ 2,129.95 (-14.20)

S&P 500: Closed @ 1,251.54 (-4.62)

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

NYMEX Crude Oil Future closed @ $69.97/barrel

NY Spot Gold gained $11.60 to close @ $578.40/ounce

In New York, The U.S. Dollar buys 0.791 Euros

In New York, The Euro buys 1.2643 U.S. Dollars

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


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