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%
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%
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posted by Steve Brown | 6/02/2006 08:00:00 PM
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