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Economy

Economic Data (USA)

Monday, September 25, 2006

The 3 Majors Advanced Today Despite Continued Evidence of A Slowing Housing Market

The yield on the 10-Year Treasury Note dropped to 4.555%, indicating continued investor concern about the strength of the U.S. economy: today's Existing Home Sales report for August, 2006 showed that the housing market is still sliding. Nevertheless, all 3 major indices advanced today: Eleventh District Federal Reserve Bank President Richard Fisher said that the economy is still doing great even though some weakness exists in the automobile and housing sectors. 1,753,645,970 shares were traded @ The New York Stock Exchange®.


Shares of Dow Jones Industrial Average (DJIA) component Caterpillar (CAT) added $1.56 (+2.49) to close @ $64.33.

Shares of DJIA component Altria (MO) lost $5.26 (-6.39%) to close @ $77.06 on news that a Federal Judge has granted class-action status to a lawsuit against Philip Morris, R.J. Reynolds and other cigarette makers for marketing "light" cigarettes as a healthier alternative to regular ones, even though these companies allegedly knew that the health risk for both types are about the same.


Shares of Warrior Energy Service Corporation (WARR) added $9.88 (+68.90%) to close @ $24.22.


Shares of Maritrans Inc. (TUG) added $11.07 (+43.41%) to close @ $36.57.


Shares of DJO Incorporated (DJO) added $3.60 (+9.41%) to close @ $41.85.


Shares of Brookfield Homes Corporation (BHS) added $2.55 (+9.35%) to close @ $29.81.


Shares of Acorda Therapeutics, Inc. (ACOR) added $6.28 (+282.88%) to close @ $8.50.


Shares of Pharmion Corporation (PHRM) added $3.60 (+19.99%) to close @ $21.61.


Shares of GPC Biotech AG (GPCB) added $4.77 (+34.07%) to close @ $18.77.


Shares of NYSE Group (NYX) lost $1.94 (-2.70%) to close @ $69.96. NYSE Group owns the New York Stock Exchange®.


Shares of InterContinental Exchange, Inc. (ICE) lost $4.22 (-5.73%) to close @ $69.47.


Shares of Oregon Steel Mills Inc. (OS) lost $3.14 (-6.37%) to close @ $46.18.


Shares of Hughes Communication (HUGH) lost $5.12 (-11.37%) to close @ $39.90.


Shares of Cryptologic Inc. (CRYP) lost $3.01 (-11.17%) to close @ $23.93.


Shares of Microsemi Corporation (MSCC) lost $3.18 (-13.97%) to close @ $19.59.


Shares of Telefonica of Argentina, Inc. (TAR) lost $2.90 (-13.21%) to close @ $19.05.


Summary of The U.S. Markets:

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

DJIA: Closed @ 11,575.81 (+67.71)

NASDAQ: Closed @ 2,249.07 (+30.14)

S + P 500: Closed @ 1,326.37 (+11.59)

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

NYMEX Crude Oil Future is currently @ $61.75/barrel

NY Spot Gold closed @ $590.20/ounce (+$1.00)

In New York, The U.S. Dollar buys 0.7839 Euros

In New York, The Euro buys 1.2757 U.S. Dollars

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

10-Year Treasury Note Yield is currently @ 4.555%


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