All 3 Major Indices Rose Today
All 3 major indices rose today as an estimated 1.66 billion shares were traded on The Big Board.
Ford Motor announced a restructuring plan today that includes closing 14 plants and eliminating 34,000 U.S. jobs over the next 6 years. Shares of Ford rose by $0.42 (5.3%) to close @ $8.32 per share.
Shares of General Motors added $1.80 to close @ $21.85 per share.
Shares of Google gained $28.04 to close @ $427.50 per share in regular trading, then added another $2.50 in after-hours trading. Many analysts are of the opinion that last week's decline in Google's stock price has created a great "buy" opportunity.
The worst performance on the Dow Jones Industrial Average (DJIA) today came from Intel; shares of Intel fell by $0.41 to close @ $21.35 per share.
Shares of Research In Motion fell by $2.37 to close @ $64.25 per share. The U.S. Supreme Court has kicked the BlackBerry patent infringement case back down to a lower court, and now a Virginia judge may order the shutdown of BlackBerry's popular email system.
Shares of Texas Instruments fell by $1.06 to close @ $30.64 per share in after-hours trading. Texas Instruments is the global #3 chipmaker.
NYMEX crude oil for future delivery got cheaper today, but energy companies still enjoyed gains. Shares of Exxon-Mobil added $0.67 to close @ $61.20 per share, and shares of Chevron rose by $1.09 to close @ $62.21 per share.
New York spot gold gained $4.80 to close @ $558.40 per ounce. Shares of Freeport-McMoRan Copper & Gold rose by $0.92 to close @ $58.30 per share, and shares of Goldcorp added $0.46 to close @ $25.22 per share.
Shares of Wal-Mart gained $0.25 to close @ $45.25 per share.
A group led by CVS and Supervalu are buying Albertson's (Albertson's owns supermarket and drug store chains including Acme, Savon, OscoDrug and Shaw's.) Shares of Albertson's gained $1.31 to close @ $25.42 per share, while shares of Supervalu added $0.91 to close @ $32.76 per share.
A group led by Leonard Green & Partners is purchasing The Sports Authority in a deal worth about $1.3 billion; shares of The Sports Authority gained a healthy $5.65 (18%) to close @ $36.70 per share.
Today's Numbers:
DJIA: Closed Up @ 10,688.77 (+21.38)
NASDAQ: Closed Up @ 2,248.47 (+0.77)
S&P 500: Closed Up @ 1,263.82 (+2.33)
----------------------------------------------------------
NYMEX Crude Oil Future is currently $67.74/barrel
New York Spot Gold closed Up @ $558.40/ounce
Currently, The U.S. Dollar buys 0.8141 Euros
Currently, The Euro buys 1.2283 U.S. Dollars
The U.S. Prime Rate is 7.25%
Ford Motor announced a restructuring plan today that includes closing 14 plants and eliminating 34,000 U.S. jobs over the next 6 years. Shares of Ford rose by $0.42 (5.3%) to close @ $8.32 per share.
Shares of General Motors added $1.80 to close @ $21.85 per share.
Shares of Google gained $28.04 to close @ $427.50 per share in regular trading, then added another $2.50 in after-hours trading. Many analysts are of the opinion that last week's decline in Google's stock price has created a great "buy" opportunity.
The worst performance on the Dow Jones Industrial Average (DJIA) today came from Intel; shares of Intel fell by $0.41 to close @ $21.35 per share.
Shares of Research In Motion fell by $2.37 to close @ $64.25 per share. The U.S. Supreme Court has kicked the BlackBerry patent infringement case back down to a lower court, and now a Virginia judge may order the shutdown of BlackBerry's popular email system.
Shares of Texas Instruments fell by $1.06 to close @ $30.64 per share in after-hours trading. Texas Instruments is the global #3 chipmaker.
NYMEX crude oil for future delivery got cheaper today, but energy companies still enjoyed gains. Shares of Exxon-Mobil added $0.67 to close @ $61.20 per share, and shares of Chevron rose by $1.09 to close @ $62.21 per share.
New York spot gold gained $4.80 to close @ $558.40 per ounce. Shares of Freeport-McMoRan Copper & Gold rose by $0.92 to close @ $58.30 per share, and shares of Goldcorp added $0.46 to close @ $25.22 per share.
Shares of Wal-Mart gained $0.25 to close @ $45.25 per share.
A group led by CVS and Supervalu are buying Albertson's (Albertson's owns supermarket and drug store chains including Acme, Savon, OscoDrug and Shaw's.) Shares of Albertson's gained $1.31 to close @ $25.42 per share, while shares of Supervalu added $0.91 to close @ $32.76 per share.
A group led by Leonard Green & Partners is purchasing The Sports Authority in a deal worth about $1.3 billion; shares of The Sports Authority gained a healthy $5.65 (18%) to close @ $36.70 per share.
Today's Numbers:
DJIA: Closed Up @ 10,688.77 (+21.38)
NASDAQ: Closed Up @ 2,248.47 (+0.77)
S&P 500: Closed Up @ 1,263.82 (+2.33)
----------------------------------------------------------
NYMEX Crude Oil Future is currently $67.74/barrel
New York Spot Gold closed Up @ $558.40/ounce
Currently, The U.S. Dollar buys 0.8141 Euros
Currently, The Euro buys 1.2283 U.S. Dollars
The U.S. Prime Rate is 7.25%
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posted by Steve Brown | 1/23/2006 04:51:00 PM
3 Comments:
my original comment got lost :(
anyway, I stumbled upon your blog completely by serendipitous accident and I can't emphasize how glad I am to have found a helpful site that explains terms (like CPI).it's great that you do because i'm planning to get into the stock market someday (i'm only 21) and i'll be checking a lot into your blog. do explain some more, expecially with the figures, if you could. thanks a lot, and more power! will be visiting regularly :)
> I can't emphasize how
> glad I am to have found
> a helpful site that
> explains terms (like CPI)...
Thanks for stopping by. We're glad that you find the blog useful!
We'll be posting the numbers from a broader range of economic data releases from now on, as these figures--along with the brief explanations--help to put the general stock market numbers in better context.
It's great that you are getting into investing @ a relatively young age. At 21 years old, all I cared about--from a personal finance point of view--was paying for college, and finding money to spend on beer and pizza.
Thanks for your comments. Hope to read more comments from you soon.
>figures--along with the brief >explanations--help to put the >general stock market numbers in >better context.
Cool! :)
Almost done with college now. I'm putting the info I have into practice by participating in a stock market simulation game online.
I wanted to see "firsthand" what happens to Pixar and Disney stocks, as well as if Ford's stocks rise because of their 'restructuring.' I just hope the stock market sense here in my country (I'm not from the US). Thanks again!
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