.comment-link {margin-left:.6em;}

Economy

Economic Data (USA)

Friday, June 02, 2006

The S&P 500 Was The Only Gainer of The 3 Majors Today, On Higher Crude Oil, A Weaker Dollar and Slowing Job Growth

Of the 3 major indices, the S&P 500 was the only index to advance today as investors reacted to: crude oil for future delivery getting more expensive, the dollar losing ground against the euro and an Employment Situation report indicating slowing job growth. 1,570,520,510 shares were traded @ The New York Stock Exchange®.


For the week, the Dow Jones Industrial Average (DJIA) fell by 0.3%, the NASDAQ Composite Index gained 0.4%, and the S&P 500 Index gained 0.6%.


Shares of NYSE Group (NYX) gained $2.06 (3.30%) to close @ $64.51; the stock then lost $0.25 in after-hours action this evening. Investors reacted positively to the planned merger of The New York Stock Exchange® and Paris-based Euronext. The NYSE Group also announced plans to charge more for open-outcry floor trading in an effort to make the option of trading electronically more attractive to investors.


Shares of Google (GOOG) fell by $3.18 (0.83%) to close @ $379.44.


Violence at a Nigerian oil rig, coupled with continued tough talk from Iran about the pursuit of nuclear technology, caused crude oil for future delivery to get more expensive today; Many energy stocks benefited.

Shares of Sunoco (SUN) gained $0.93 (1.33%) to close @ $70.94.

Shares of Valero Energy (VLO) gained $1.55 (2.52%) to close @ $63.05.


Shares of Revlon (REV) fell by $1.13 (37.17%) to close @ $1.91; the company is forecasting slower sales growth for this year.


Shares of Pulte Homes (PHM) lost $1.70 to close @ $31.33.


Shares of Bausch & Lomb (BOL) gained $2.02 (4.10%) to close @ $51.32.


Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 11,247.87 (-12.41)

NASDAQ: Closed @ 2,219.41 (-0.45)

S&P 500: Closed @ 1,288.22 (+2.51)

----------------------------------------------------------

NYMEX Crude Oil Future closed @ $72.75/barrel

NY Spot Gold gained $8.10 to close @ $636.80/ounce

Currently, The U.S. Dollar buys 0.7741 Euros

Currently, The Euro buys 1.2918 U.S. Dollars

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


>  SITEMAP  <

0 Comments:

Post a Comment

<< Home


www.FedPrimeRate.com
Entire Website © 2019 FedPrimeRate.comSM


This website is neither affiliated nor associated with The United States Federal Reserve in any way.
Information in this website is provided for educational purposes only. The owners of this website
make no warranties with respect to any and all content contained within this website. Consult a
financial professional before making important decisions related to any investment or loan
product, including, but not limited to, business loans, personal loans, education loans, first
or second mortgages, credit cards, car loans or any type of insurance.