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Economy

Economic Data (USA)

Monday, August 07, 2006

All 3 Majors Closed Lower On A Sharp Spike In Crude Oil Prices

The 3 major indexes finished the day lower as crude oil prices spiked: BP is taking the Prudhoe Bay, Alaska oil field offline while the company fixes corroded pipes. Expectations that the Fed will choose to pause their rate-raising regimen at tomorrow's FOMC meeting helped to stem losses in the New York equities markets today. 1,346,422,080 shares were traded @ The New York Stock Exchange®.


Shares of NewMarket Corporation (NEU) gained $4.43 (+8.35%) to close @ $57.50.


Shares of Frontline Ltd. (FRO) gained $2.15 (+5.56%) to close @ $40.82.


Shares of Opinion Research Corporation (ORCI) gained $5.38 (+86.77%) to close @ $11.58.


Shares of Syneron Medical Ltd. (ELOS) gained $3.03 (+16.37%) to close @ $21.54.


Shares of Hansen Natural Corporation (HANS) fell by $10.40 (-25.84%) to close @ $29.85.


Shares of Reliv International Inc. (RELV) fell by $3.56 (-34.53%) to close @ $6.75.


Shares of Emmis Communications Corporation (EMMS) fell by $2.79 (-19.21%) to close @ $11.73.


Shares of Conns Inc. (CONN) fell by $3.61 (-13.64%) to close @ $22.85.


Summary of The U.S. Markets:

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

DJIA: Closed @ 11,219.38 (-20.97)

NASDAQ: Closed @ 2,072.50 (-12.55)

S&P 500: Closed @ 1,275.77 (-3.59)

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NYMEX Crude Oil Future is currently @ $76.80/barrel

NY Spot Gold closed @ $647.10/ounce (+$2.80)

In New York, The U.S. Dollar buys 0.7785 Euros

In New York, The Euro buys 1.2846 U.S. Dollars

The U.S. Prime Rate is 8.25%


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