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Economy

Economic Data (USA)

Tuesday, August 08, 2006

All 3 Majors Declined On Concerns Related to Future Monetary Policy Decisions by The Fed

The 3 major indexes closed lower today as investors worried that the Fed may need to raise rates later this year, which may in turn hurt corporate earnings. 1,615,381,810 shares were traded @ The New York Stock Exchange®.


Shares of Aleris International Inc. (ARS) gained $11.46 (+27.69%) to close @ $52.85.


Shares of Aircastle Limited (AYR) gained $3.60 (+15.65%) to close @ $26.60.


Shares of Cooper Companies Inc. (COO) gained $3.05 (+7.16%) to close @ $45.67.


Summary of The U.S. Markets:

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DJIA: Closed @ 11,173.59 (-45.79)

NASDAQ: Closed @ 2,060.85 (-11.65)

S&P 500: Closed @ 1,271.48 (-4.29)

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NYMEX Crude Oil Future is currently @ $76.80/barrel

NY Spot Gold closed @ $645.90/ounce (-$1.20)

In New York, The U.S. Dollar buys 0.7754 Euros

In New York, The Euro buys 1.2897 U.S. Dollars

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


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