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



Economy

Economic Data (USA)

Monday, July 24, 2006

Buyouts and Earnings Reports Helped All 3 Majors Advance Today

News of company buyouts contributed to many stocks advancing today, as investors got bullish on the potential for further acquisition activity for 2006. All 3 major indices enjoyed healthy gains today; 1,578,998,640 shares were traded @ The New York Stock Exchange®.


Shares of DJIA component Merck (MRK) gained $1.59 (+4.26%) to close @ $38.95 on news of strong sales of pharmaceuticals like the cholesterol drugs Vytorin® and Zetia®.

Shares of DJIA component United Technologies (UTX) gained $1.49 (+2.48%) to close @ $61.45.

Shares of DJIA component Boeing (BA) gained $2.36 (+2.98%) to close @ $81.44.


Shares of DJIA component Caterpillar (CAT) gained $2.17 (+3.17%) to close @ $70.52; the stock then lost $0.87 in after-hours trading this evening.


Shares of NYSE Group (NYX) gained $3.00 (+5.00%) to close @ $62.96. The NYSE Group owns The New York Stock Exchange®.


Shares of Yahoo! Inc. (YHOO) gained $1.05 (+4.06%) to close @ $26.94.


Shares of HCA Inc. (HCA) gained $1.61 (+3.36%) to close @ $49.48; the stock then lost $0.24 in after-hours trading this evening. A group of investors that includes HCA's current management team and co-founder Thomas F. Frist Jr. will purchase the U.S. #1 hospital chain along with the company's debt in deal that worth about $33 billion.


Shares of Canadian chipmaker ATI Technologies (ATYT) gained $3.11 (+18.78%) to close @ $19.67 on news that Advanced Micro Devices will purchase the company in a deal that's worth about $5.4 billion.


Shares of Cardiome Pharma Corporation (CRME) gained $3.24 (+36.36%) to close @ $12.15; the stock then gained an additional $0.14 in after-hours action this evening.


Shares of Silicon Laboratories Inc. (SLAB) gained $6.20 (+21.02%) to close @ $35.70; the stock then gained an additional $0.55 in after-hours action this evening.


Shares of T-3 Energy Services Inc. (TTES) gained $2.69 (+15.01%) to close @ $20.61; the stock then gained an additional $0.11 in after-hours action this evening.


Shares of EXCO Resources Inc. (XCO) gained $1.85 (+18.05%) to close @ $12.10.


Shares of Polo Ralph Lauren Corporation (RL) gained $7.50 (+15.66%) to close @ $55.40.


Shares of ICICI Bank Ltd. (IBN) gained $3.06 (+13.75%) to close @ $25.31.


Shares of Gerber Scientific Inc. (GRB) gained $1.38 (+10.27%) to close @ $14.82.


Shares of National Interstate Corp. (NATL) gained $2.58 (+11.09%) to close @ $25.85.


Shares of JSC Tatneft (TNT) gained $7.72 (+8.41%) to close @ $99.50.


Shares of HDFC Bank Ltd. (HDB) gained $3.83 (+7.91%) to close @ $52.23.


Shares of China BAK Battery, Inc. (CBAK) fell by $2.12 (-31.22%) to close @ $4.67.


Shares of Boston Communications Group Inc. (BCGI) fell by $1.22 (-30.42%) to close @ $2.79.


Shares of Astec Industries Inc. (ASTE) fell by $5.94 (-21.49%) to close @ $21.70.


Shares of HIGHLAND CRED STRTGY (HCF) fell by $1.18 (-5.62%) to close @ $19.82.


Summary of The U.S. Markets:

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

DJIA: Closed @ 11,051.05 (+182.67)

NASDAQ: Closed @ 2,061.84 (+41.45)

S&P 500: Closed @ 1,260.91 (+20.62)

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

NYMEX Crude Oil Future closed @ $74.57/barrel

NY Spot Gold closed @ $612.90/ounce (-$6.80)

In New York, The U.S. Dollar buys 0.7925 Euros

In New York, The Euro buys 1.2618 U.S. Dollars

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


>  SITEMAP  <

Links to this post:

Create a Link

<< Home


www.FedPrimeRate.com
Entire Website © 2017 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.