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Economy

Economic Data (USA)

Thursday, June 29, 2006

Encouraging Comments from the Fed Helped the 3 Major Indices Enjoy Healthy Gains Today

The language in the Federal Open Market Committee (FOMC) statement following today's interest rate hike helped all 3 major indexes advance today, as investors divined that today's rate increase may be the last for 2006. All 30 components in the Dow Jones Industrial Average (DJIA) advanced today. 1,890,123,950 shares were traded @ The New York Stock Exchange®.


Shares of DJIA component Caterpillar (CAT) gained $1.69 (+2.32%) to close @ $74.40.

Shares of DJIA component JP Morgan Chase (JPM) gained $1.41 (+3.42%) to close @ $42.68.

Shares of DJIA component Citigroup (C) gained $1.01 (+2.11%) to close @ $48.86.

Shares of DJIA component McDonald's (MCD) gained $1.59 (+4.97%) to close @ $33.56; the stock then lost $0.23 in after-hours action this evening.

Shares of DJIA component Alcoa (AA) gained $1.35 (+4.42%) to close @ $31.90.

Shares of DJIA component American Express (AXP) gained $1.71 (+3.28%) to close @ $53.89.

Shares of DJIA component United Technologies (UTX) gained $1.96 (+3.20%) to close @ $63.29.

Shares of DJIA component 3M (MMM) gained $1.87 (+2.36%) to close @ $81.15; the stock then lost $0.35 in after-hours action this evening.


Summary of The U.S. Markets:

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DJIA: Closed @ 11,190.80 (+217.24)

NASDAQ: Closed @ 2,174.38 (+62.54)

S&P 500: Closed @ 1,272.87 (+26.87)

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NYMEX Crude Oil Future is currently @ $73.52/barrel

NY Spot Gold gained $7.90 to close @ $586.10/ounce

In New York, The U.S. Dollar buys 0.7872 Euros

In New York, The Euro buys 1.2704 U.S. Dollars

The U.S. Prime Rate (Fed Prime Rate) is 8.25%


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