All 3 Majors Up Today As The Dow Holds Firm In 11K Territory
The Dow Jones Industrial Average (DJIA) is still holding firm in 11K territory, despite a 3.3% drop in the share price of DJIA component Dupont. An earnings warning contributed to Dupont losing $1.41 to close @ $41.14 per share today.
A Merrill Lynch analyst demoted Yahoo! from a "buy" to a "neutral" rating today; shares in Yahoo! dropped by $1.11 to close @ $41.87 per share as a result.
Apple continues to shine, gaining $3.04 to close @ a (split-adjusted) record high $83.90 per share (shares in Apple went as high as $84.80 today.)
Broadcom, the company that makes semiconductors for Apple's iPod media players, added $2.86 to close @ $58.59 per share today.
Rambus gained $3.89 (14%) to close @ $32.20 per share.
Boeing gained $1.00 to close @ $70.10 per share on news that Air India will purchase 68 passenger jets @ $11 billion in a unique deal where Boeing will spend $100 million for a repair center and $75 million for a pilot training center.
Shares in Genentech fell by $4.12 to close @ $89.22 per share. Though Q4 (U.S.) sales of the colon cancer drug Avastin rose by 89% to $359.1 million, sales of Avastin still didn't measure up to expectations set by a SG Cowen analyst. Genentech also makes the breast cancer drug Herceptin and is the world's #2 biotech company.
The bidding war between Johnson & Johnson and Boston Scientific for Guidant is heating up. Boston Scientific's offer is currently $25 billion, while Johnson & Johnson has bid $21.5 billion so far. Shares in Guidant added $1.05 to close @ $70.44 per share, while Johnson & Johnson fell by $0.60 to close @ $62.50, and Boston Scientific lost $1.07 to close @ $25.41.
Compuware fell by $1.24 (13%) today to close @ $8.25 per share.
Crude Oil climbed higher on worries that Iran may face economic sanctions related to the nation's resumption of research into nuclear technology. Iran is OPEC's #2 crude oil producer.
Gold finished higher as well; a weakening dollar contributed to gold's price increase today.
Today's Numbers:
DJIA: Closed Up @ 11,043.44 (+31.86)
NASDAQ: Closed Up @ 2,331.36 (+11.04)
S&P 500: Closed Up @ 1,294.18 (+4.49)
----------------------------------------------------------
NYMEX Crude Oil Future is currently $64.35/barrel
New York Spot Gold closed up @ $548.50/ounce
Currently, The U.S. Dollar buys 0.8235 Euros
Currently, The Euro buys 1.2144 U.S. Dollars
A Merrill Lynch analyst demoted Yahoo! from a "buy" to a "neutral" rating today; shares in Yahoo! dropped by $1.11 to close @ $41.87 per share as a result.
Apple continues to shine, gaining $3.04 to close @ a (split-adjusted) record high $83.90 per share (shares in Apple went as high as $84.80 today.)
Broadcom, the company that makes semiconductors for Apple's iPod media players, added $2.86 to close @ $58.59 per share today.
Rambus gained $3.89 (14%) to close @ $32.20 per share.
Boeing gained $1.00 to close @ $70.10 per share on news that Air India will purchase 68 passenger jets @ $11 billion in a unique deal where Boeing will spend $100 million for a repair center and $75 million for a pilot training center.
Shares in Genentech fell by $4.12 to close @ $89.22 per share. Though Q4 (U.S.) sales of the colon cancer drug Avastin rose by 89% to $359.1 million, sales of Avastin still didn't measure up to expectations set by a SG Cowen analyst. Genentech also makes the breast cancer drug Herceptin and is the world's #2 biotech company.
The bidding war between Johnson & Johnson and Boston Scientific for Guidant is heating up. Boston Scientific's offer is currently $25 billion, while Johnson & Johnson has bid $21.5 billion so far. Shares in Guidant added $1.05 to close @ $70.44 per share, while Johnson & Johnson fell by $0.60 to close @ $62.50, and Boston Scientific lost $1.07 to close @ $25.41.
Compuware fell by $1.24 (13%) today to close @ $8.25 per share.
Crude Oil climbed higher on worries that Iran may face economic sanctions related to the nation's resumption of research into nuclear technology. Iran is OPEC's #2 crude oil producer.
Gold finished higher as well; a weakening dollar contributed to gold's price increase today.
Today's Numbers:
DJIA: Closed Up @ 11,043.44 (+31.86)
NASDAQ: Closed Up @ 2,331.36 (+11.04)
S&P 500: Closed Up @ 1,294.18 (+4.49)
----------------------------------------------------------
NYMEX Crude Oil Future is currently $64.35/barrel
New York Spot Gold closed up @ $548.50/ounce
Currently, The U.S. Dollar buys 0.8235 Euros
Currently, The Euro buys 1.2144 U.S. Dollars
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posted by Steve Brown | 1/11/2006 08:16:00 PM
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