All 3 Majors Lost Ground with Dow Closing Below 11K
The 3 major indices lost ground today with the Dow Jones Industrial Average (DJIA) closing below 11,000.1,409,394,340 shares were traded @ The New York Stock Exchange®.
For the week, the DJIA fell by 0.2%, the NASDAQ Composite Index fell by 0.4%, and the S&P 500 Index fell by 0.6%.
Anadarko Petroleum is purchasing both Western Gas Resources and Kerr-McGee in two separate deals, which combined are worth about $21 billion. After all is said and done, Anadarko will be the U.S. #1 independent oil and gas producer.
Shares of Anadarko Petroleum (APC) fell by $3.49 (-7.21%) to close @ $44.90.
Shares of Western Gas Resources (WGR) gained $18.76 (+45.86%) to close @ $59.67.
Shares of Kerr-McGee (KMG) gained $18.31 (+36.40%) to close @ $68.61.
Shares of Qualcomm (QCOM) fell by $1.88 (-4.54%) to close @ $39.50; the stock then recovered $0.17 in after-hours action this evening. Qualcomm is the global #2 manufacturer of computer chips for cellular phones.
Shares of Valero Energy (VLO) gained $1.45 (+2.39%) to close @ $62.12.
Shares of Apache Corp. (APA) gained $2.16 (+3.55%) to close @ $62.96.
Shares of Comerica (CMA) fell by $2.14 (-4.05%) to close @ $50.70.
Shares of Google (GOOG) gained $4.91 (+1.23%) to close @ $404.86; the stock then gained an additional $0.39 in after-hours action this evening.
Shares of Six Flags (SIX) fell by $1.90 (-25.50%) to close @ $5.55 on news of lackluster attendance and the possibility that the company may sell 6 theme parks.
Summary of The U.S. Markets:
----------------------------------------------------------
DJIA: Closed @ 10,989.09 (-30.02)
NASDAQ: Closed @ 2,121.47 (-1.51)
S&P 500: Closed @ 1,244.50 (-1.10)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $70.78/barrel
NY Spot Gold gained $2.70 to close @ $585.00/ounce
In New York, The U.S. Dollar buys 0.7992 Euros
In New York, The Euro buys 1.2512 U.S. Dollars
The U.S. Prime Rate (WSJ Prime Rate) is 8.00%
For the week, the DJIA fell by 0.2%, the NASDAQ Composite Index fell by 0.4%, and the S&P 500 Index fell by 0.6%.
Anadarko Petroleum is purchasing both Western Gas Resources and Kerr-McGee in two separate deals, which combined are worth about $21 billion. After all is said and done, Anadarko will be the U.S. #1 independent oil and gas producer.
Shares of Anadarko Petroleum (APC) fell by $3.49 (-7.21%) to close @ $44.90.
Shares of Western Gas Resources (WGR) gained $18.76 (+45.86%) to close @ $59.67.
Shares of Kerr-McGee (KMG) gained $18.31 (+36.40%) to close @ $68.61.
Shares of Qualcomm (QCOM) fell by $1.88 (-4.54%) to close @ $39.50; the stock then recovered $0.17 in after-hours action this evening. Qualcomm is the global #2 manufacturer of computer chips for cellular phones.
Shares of Valero Energy (VLO) gained $1.45 (+2.39%) to close @ $62.12.
Shares of Apache Corp. (APA) gained $2.16 (+3.55%) to close @ $62.96.
Shares of Comerica (CMA) fell by $2.14 (-4.05%) to close @ $50.70.
Shares of Google (GOOG) gained $4.91 (+1.23%) to close @ $404.86; the stock then gained an additional $0.39 in after-hours action this evening.
Shares of Six Flags (SIX) fell by $1.90 (-25.50%) to close @ $5.55 on news of lackluster attendance and the possibility that the company may sell 6 theme parks.
Summary of The U.S. Markets:
----------------------------------------------------------
DJIA: Closed @ 10,989.09 (-30.02)
NASDAQ: Closed @ 2,121.47 (-1.51)
S&P 500: Closed @ 1,244.50 (-1.10)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $70.78/barrel
NY Spot Gold gained $2.70 to close @ $585.00/ounce
In New York, The U.S. Dollar buys 0.7992 Euros
In New York, The Euro buys 1.2512 U.S. Dollars
The U.S. Prime Rate (WSJ Prime Rate) is 8.00%
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posted by Steve Brown | 6/23/2006 09:55:00 PM
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