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Economy

Economic Data (USA)

Thursday, June 08, 2006

S&P 500 and DJIA Gained, But The NASDAQ Lost Some Ground Today On Cheaper Commodities and A Stronger Dollar

The Dow Jones Industrial Average (DJIA) and the S + P 500 indices advanced, but the NASDAQ lost ground today as many commodities got cheaper and the dollar gained against the euro. 2,553,977,220 shares were traded @ The New York Stock Exchange┬«.

Shares of DJIA component Procter + Gamble (PG) gained $1.50 to close @ $54.74.


Shares of Advanced Micro Devices (AMD) fell by $0.97 to close @ $27.03.


The price on many commodities fell today, including zinc, silver, aluminum and platinum. Copper fell by about 6.2%, and New York Spot Gold declined by $18.70.

Shares of Freeport-McMoRan Copper + Gold (FCX) fell by $1.32 to close @ $49.93.


The European Central Bank (ECB) elected to raise their benchmark lending rate to 2.75% today; the central banks of South Korea, Denmark, Turkey, Thailand, South Africa and India also boosted rates. Fed Funds traders expect that the Fed will raise the benchmark Fed Funds Target Rate to 5.25% at the June 29 monetary policy meeting.


Summary of The U.S. Markets:

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DJIA: Closed @ 10,938.82 (+7.92)

NASDAQ: Closed @ 2,145.32 (-6.48)

S&P 500: Closed @ 1,257.93 (+1.78)

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NYMEX Crude Oil Future is currently @ $70.03/barrel

NY Spot Gold fell by $18.70 to close @ $609.10/ounce

Currently, The U.S. Dollar buys 0.7914 Euros

Currently, The Euro buys 1.2636 U.S. Dollars

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


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