All 3 Majors Declined Again Today, On Falling Commodities and Inflation Fears
All 3 major indexes declined again today on continued worries about inflation and interest rates; falling commodities prices contributed to the day's bearishness: crude for future delivery fell below the $69 mark and New York Spot Gold got $44.10 cheaper. 2,305,032,460 shares were traded @ The New York Stock Exchange®.
Many energy-related stocks lost ground as crude got cheaper.
Shares of Dow Jones Industrial Average (DJIA) component Exxon Mobil (XOM) fell by $1.59 (-2.73%) to close @ $56.84.
Shares of Valero Energy (VLO) fell by $1.73 (-3.01%) to close @ $55.75.
Shares of Sunoco (SUN) fell by $1.20 (-1.89%) to close @ $62.44.
Shares of ConocoPhillips (COP) fell by $1.72 (-2.88%) to close @ $57.91.
Shares of Freeport-McMoRan Copper & Gold (FCX) fell by $2.96 (-6.34%) to $43.75.
Shares of Google (GOOG) gained $4.985 (+1.31%) to close @ $386.525; the stock then lost $1.125 in after-hours action this evening.
Shares of Apple Computer (AAPL) gained $1.33 (+2.33%) to close @ $58.33; the stock then gained an additional $0.36 in after-hours action this evening.
Shares of Jabil Circuit (JBL) fell by $7.11 (21.93%) to close @ $25.31.
Shares of Goldman Sachs Group (GS) fell by $5.75 (-3.97%) to close @ $139.25.
Shares of Lehman Brothers (LEH) fell by $2.59 (-4.18%) to $59.42; the stock then lost an additional $0.66 in after-hours action this evening.
Shares of Merrill Lynch (MER) fell by $2.96 (-4.31%) to close @ $65.66.
Shares of Monster Worldwide (MNST) fell by $3.02 (-7.82%) to close $35.58; the stock then lost an additional $0.48 in after-hours action this evening.
Shares of Best Buy (BBY) gained $2.66 (+5.43%) to close @ $51.69; the stock then gained an additional $0.26 in after-hours action this evening.
Summary of The U.S. Markets:
----------------------------------------------------------
DJIA: Closed @ 10,706.14 (-86.44)
NASDAQ: Closed @ 2,072.47 (-18.85)
S&P 500: Closed @ 1,223.69 (-12.71)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $68.29/barrel
NY Spot Gold fell by $44.10 to close @ $562.70/ounce
In New York, The U.S. Dollar buys 0.7969 Euros
In New York, The Euro buys 1.2548 U.S. Dollars
The U.S. Prime Rate (Fed Prime Rate) is 8.00%
Many energy-related stocks lost ground as crude got cheaper.
Shares of Dow Jones Industrial Average (DJIA) component Exxon Mobil (XOM) fell by $1.59 (-2.73%) to close @ $56.84.
Shares of Valero Energy (VLO) fell by $1.73 (-3.01%) to close @ $55.75.
Shares of Sunoco (SUN) fell by $1.20 (-1.89%) to close @ $62.44.
Shares of ConocoPhillips (COP) fell by $1.72 (-2.88%) to close @ $57.91.
Shares of Freeport-McMoRan Copper & Gold (FCX) fell by $2.96 (-6.34%) to $43.75.
Shares of Google (GOOG) gained $4.985 (+1.31%) to close @ $386.525; the stock then lost $1.125 in after-hours action this evening.
Shares of Apple Computer (AAPL) gained $1.33 (+2.33%) to close @ $58.33; the stock then gained an additional $0.36 in after-hours action this evening.
Shares of Jabil Circuit (JBL) fell by $7.11 (21.93%) to close @ $25.31.
Shares of Goldman Sachs Group (GS) fell by $5.75 (-3.97%) to close @ $139.25.
Shares of Lehman Brothers (LEH) fell by $2.59 (-4.18%) to $59.42; the stock then lost an additional $0.66 in after-hours action this evening.
Shares of Merrill Lynch (MER) fell by $2.96 (-4.31%) to close @ $65.66.
Shares of Monster Worldwide (MNST) fell by $3.02 (-7.82%) to close $35.58; the stock then lost an additional $0.48 in after-hours action this evening.
Shares of Best Buy (BBY) gained $2.66 (+5.43%) to close @ $51.69; the stock then gained an additional $0.26 in after-hours action this evening.
Summary of The U.S. Markets:
----------------------------------------------------------
DJIA: Closed @ 10,706.14 (-86.44)
NASDAQ: Closed @ 2,072.47 (-18.85)
S&P 500: Closed @ 1,223.69 (-12.71)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $68.29/barrel
NY Spot Gold fell by $44.10 to close @ $562.70/ounce
In New York, The U.S. Dollar buys 0.7969 Euros
In New York, The Euro buys 1.2548 U.S. Dollars
The U.S. Prime Rate (Fed Prime Rate) is 8.00%
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posted by Steve Brown | 6/13/2006 09:53:00 PM
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