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Economic Data (USA)

Monday, October 02, 2006

The 3 Majors Lost Some Ground Today

A significant decline in crude oil prices together with a positive construction spending report for August weren't enough to help the 3 major indices, as all 3 lost some ground today. 1,376,948,120 shares were traded @ The New York Stock Exchange®.

Shares of Dow Jones Industrial Average (DJIA) component Boeing (BA) gained $1.12 (+1.42%) to close @ $79.97.

Shares of Harrah's Entertainment Inc. (HET) added $9.25 (+13.92%) to close @ $75.68 on news that Texas Pacific Group and Apollo Management may purchase Harrah's in a deal worth about around $15 billion.

Shares of Fox Chase Bancorp (FXCB) added $2.95 (+29.50%) to close @ $12.95 on the stock's first day of trading on The NASDAQ Stock Market®.

Shares of AMREP Corporation (AXR) added $7.32 (+14.98%) to close @ $56.19.

Shares of Myogen Inc. (MYOG) added $16.36 (+46.64%) to close @ $51.44 on news that global #3 biotech concern Gilead will purchase the company in a deal worth around $2.5 billion.

Shares of Medialink Worldwide Inc. (MDLK) added $1.23 (+40.73%) to close @ $4.25.

Shares of First Republic Bank (FRC) lost $3.95 (-9.28%) to close @ $38.61.

Shares of Cryptologic Inc. (CRYP) lost $4.06 (-18.42%) to close @ $17.98.

Shares of Keane Inc. (KEA) lost $2.82 (-19.57%) to close @ $11.59.

Shares of Optimal Group Inc. (OPMR) lost $2.95 (-25.09%) to close @ $8.81.

Shares of Intertape Polymer Group Inc. (ITP) lost $1.31 (-17.01%) to close @ $6.39.

Summary of The U.S. Markets:


DJIA: Closed @ 11,670.35 (-8.72)

NASDAQ: Closed @ 2,237.60 (-20.83)

S&P 500: Closed @ 1,331.32 (-4.53)


NYMEX Crude Oil Future is currently @ $61.01/barrel

NY Spot Gold closed @ $597.60/ounce (-$1.10)

In New York, The U.S. Dollar buys 0.7845 Euros

In New York, The Euro buys 1.2747 U.S. Dollars

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

10-Year Treasury Note Yield is currently @ 4.618%



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