All 3 Major Indexes Lost Ground Today; The Dow Sank Below 11K
All 3 major indices lost ground today as the Dow Jones Industrial Average (DJIA) sank below the 11K mark. 1,834,688,270 shares were traded @ The New York Stock Exchange®.
Shares of DJIA component Boeing (BA) gained $0.81 (+1.00%) to close @ $81.46.
Shares of DJIA component DuPont (DD) fell by $1.08 (2.56%) to close @ $41.09.
Shares of DJIA component Caterpillar (CAT) fell by $1.74 (-2.54%) to close @ $66.74.
Cheaper crude oil sent energy stocks lower today.
Shares of DJIA component Exxon Mobil (XOM) fell by $1.58 (-2.62%) to close @ $58.85.
Shares of Sunoco (SUN) fell by $1.41 (-2.09%) to close @ $66.00.
Shares of Chevron (CVX) fell by $1.76 (-2.99%) to close @ $57.17.
Shares of Valero Energy (VLO) fell by $2.19 (-3.60%) to close @ $58.66.
Shares of ConocoPhillips (COP) fell by $1.38 (-2.23%) to close @ $60.52.
Shares of Google (GOOG) fell by $3.48 (-0.89%) to close @ $386.51; the stock then recovered $1.79 in after-hours trading this evening.
Shares of Nucor (NUE) fell by $3.48 (-6.77%) to close @ $47.92; the stock then recovered $0.46 in after-hours trading this evening.
The specter of further interest rate hikes by the Fed continues to effect a broad range of stocks, including companies that produce home furnishings (investor thought process goes something like this: higher interest rates = less home-buying = less shopping for home furnishings.)
Shares of DJIA component La-Z-Boy (LZB) fell by $1.84 (-13.06%) to close @ $12.25.
Summary of The U.S. Markets:
----------------------------------------------------------
DJIA: Closed @ 10,930.90 (-71.24)
NASDAQ: Closed @ 2,151.80 (-10.98)
S&P 500: Closed @ 1,256.15 (-7.70)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $70.52/barrel
NY Spot Gold fell by $1.70 to close @ $627.80/ounce
Currently, The U.S. Dollar buys 0.7823 Euros
Currently, The Euro buys 1.2783 U.S. Dollars
The U.S. Prime Rate (Fed Prime Rate) is 8.00%
Shares of DJIA component Boeing (BA) gained $0.81 (+1.00%) to close @ $81.46.
Shares of DJIA component DuPont (DD) fell by $1.08 (2.56%) to close @ $41.09.
Shares of DJIA component Caterpillar (CAT) fell by $1.74 (-2.54%) to close @ $66.74.
Cheaper crude oil sent energy stocks lower today.
Shares of DJIA component Exxon Mobil (XOM) fell by $1.58 (-2.62%) to close @ $58.85.
Shares of Sunoco (SUN) fell by $1.41 (-2.09%) to close @ $66.00.
Shares of Chevron (CVX) fell by $1.76 (-2.99%) to close @ $57.17.
Shares of Valero Energy (VLO) fell by $2.19 (-3.60%) to close @ $58.66.
Shares of ConocoPhillips (COP) fell by $1.38 (-2.23%) to close @ $60.52.
Shares of Google (GOOG) fell by $3.48 (-0.89%) to close @ $386.51; the stock then recovered $1.79 in after-hours trading this evening.
Shares of Nucor (NUE) fell by $3.48 (-6.77%) to close @ $47.92; the stock then recovered $0.46 in after-hours trading this evening.
The specter of further interest rate hikes by the Fed continues to effect a broad range of stocks, including companies that produce home furnishings (investor thought process goes something like this: higher interest rates = less home-buying = less shopping for home furnishings.)
Shares of DJIA component La-Z-Boy (LZB) fell by $1.84 (-13.06%) to close @ $12.25.
Summary of The U.S. Markets:
----------------------------------------------------------
DJIA: Closed @ 10,930.90 (-71.24)
NASDAQ: Closed @ 2,151.80 (-10.98)
S&P 500: Closed @ 1,256.15 (-7.70)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $70.52/barrel
NY Spot Gold fell by $1.70 to close @ $627.80/ounce
Currently, The U.S. Dollar buys 0.7823 Euros
Currently, The Euro buys 1.2783 U.S. Dollars
The U.S. Prime Rate (Fed Prime Rate) is 8.00%
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posted by Steve Brown | 6/07/2006 09:31:00 PM
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