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Economy

Economic Data (USA)

Tuesday, August 22, 2006

The 3 Majors Closed Essentially Flat Today On Jitters Related to Comments Made by 2 Fed Officials

Comments made by two Federal Reserve officials contributed much to the 3 major indices closing essentially flat today. Chicago Fed boss Michael Moskow and Atlanta Fed chief Jack Guynn both expressed concern about inflation in separate speeches today, which caused many investors to reconsider current interest rate predictions for 2006. 1,215,985,200 shares were traded @ The New York Stock Exchange®.


Shares of Pharmaxis Ltd. (PXSL) gained $3.50 (+16.67%) to close @ $24.50.


Shares of Mills Corporation (MLS) gained $2.56 (+15.31%) to close @ $19.28.


Shares of MGP Ingredients Inc. (MGPI) gained $3.03 (+15.18%) to close @ $22.99.


Shares of Hoku Scientific, Inc. (HOKU) gained $1.16 (+43.45%) to close @ $3.83.


Shares of Hurco Companies Inc. (HURC) gained $3.03 (+13.28%) to close @ $25.85.


Shares of Travelzoo Inc. (TZOO) gained $3.92 (+12.86%) to close @ $34.40.


Shares of Delta Petroleum Corporation (DPTR) gained $2.06 (+11.49%) to close @ $19.99.


Shares of Mirant Corporation (MIR) gained $1.15 (+4.17%) to close @ $28.70.


Shares of Candela Corporation (CLZR) fell by $4.16 (-28.71%) to close @ $10.33.


Shares of Harman International Industries Inc. (HAR) fell by $3.58 (-4.23%) to close @ $81.05.


Shares of Winmark Corporation (WINA) fell by $1.26 (-5.09%) to close @ $23.50.


Summary of The U.S. Markets:

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

DJIA: Closed @ 11,339.84 (-5.21)

NASDAQ: Closed @ 2,150.02 (+2.27)

S&P 500: Closed @ 1,298.82 (+1.30)

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NYMEX Crude Oil Future is currently @ $72.85/barrel

NY Spot Gold closed @ $624.40/ounce (-$1.20)

In New York, The U.S. Dollar buys 0.7812 Euros

In New York, The Euro buys 1.28 U.S. Dollars

The U.S. Prime Rate is 8.25%

10-Year Treasury Note Yield is currently @ 4.811%


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