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Economy

Economic Data (USA)

Wednesday, July 12, 2006

The 3 Majors Lost Ground Today As the Price On Crude Continued Upwards

The 3 major indices lost ground today as the price on crude oil for future delivery got more expensive, thanks to unrest in the Middle East and a significant decline in crude oil stocks. 1,479,187,300 shares were traded @ The New York Stock Exchange®.


Shares of Network Appliance (NTAP) fell by $2.13 to close @ $28.60.


Shares of Genentech (DNA) fell by $3.08 to close @ $80.98 on news of sluggish sales of the colon cancer drug Avastin®.

Shares of Genzyme (GENZ) gained $4.76 to close @ $62.74.


Shares of Best Buy (BBY) lost $2.92 to close @ $47.70.


Summary of The U.S. Markets:

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DJIA: Closed @ 11,013.18 (-121.59)

NASDAQ: Closed @ 2,090.24 (-38.62)

S&P 500: Closed @ 1,258.60 (-13.92)

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NYMEX Crude Oil Future is currently @ $75.52/barrel

NY Spot Gold gained $8.60 to close @ $649.50/ounce

In New York, The U.S. Dollar buys 0.7859 Euros

In New York, The Euro buys 1.2725 U.S. Dollars

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


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