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Economy

Economic Data (USA)

Wednesday, September 20, 2006

Fed Inaction On Interest Rates Helped All 3 Major Indices to Advance Today

All 3 major indices advanced today as investors got bullish on the prospect that the Fed will probably remain on the sidelines for the rest of the year; falling crude oil prices also helped stocks. 1,614,759,680 shares were traded @ The New York Stock Exchange®.


Shares of f Dow Jones Industrial Average (DJIA) component Boeing (BA) gained $1.32 (+1.76) to close @ $76.19.

Shares of DJIA component Exxon Mobil (XOM) lost $1.39 (-2.12%) to close @ $64.11.

Shares of DJIA component International Business Machines (IBM) added $1.55 (+1.89%) to close @ $83.42.


Shares of Eagle Materials Inc. (EXP) added $4.27 (+12.50%) to close @ $38.43.


Shares of Park Electrochemical Corporation (PKE) added $6.10 (+23.46%) to close @ $32.10.


Shares of CentraCore Properties Trust (CPV) added $3.32 (+11.70%) to close @ $31.70.


Shares of CarMax Inc. (KMX) added $3.16 (+7.87%) to close @ $43.30.


Shares of Zareba Systems Inc. (ZRBA) added $1.01 (+21.96%) to close @ $5.61.


Shares of NYSE Group (NYX) lost $1.98 (-2.97%) to close @ $64.69. NYSE Group owns the New York Stock Exchange®.


Shares of Diamond Offshore Drilling Inc. (DO) lost $4.69 (-6.50%) to close @ $67.46.


Shares of Dril-Quip Inc. (DRQ) lost $3.96 (-5.76%) to close @ $64.78.


Summary of The U.S. Markets:

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DJIA: Closed @ 11,613.19 (+72.28)

NASDAQ: Closed @ 2,252.89 (+30.52)

S&P 500: Closed @ 1,325.18 (+6.87)

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NYMEX Crude Oil Future is currently @ $61.05/barrel

NY Spot Gold closed @ $580.20/ounce (+$3.20)

In New York, The U.S. Dollar buys 0.7861 Euros

In New York, The Euro buys 1.272 U.S. Dollars

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

10-Year Treasury Note Yield is currently @ 4.729%


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