S&P 500 and The NASDAQ Advanced, The DJIA Lost Some Ground; Crude Oil Closes Near $63
The S&P 500 Index and The NASDAQ Composite Index both advanced today, but The Dow Jones Industrial Average (DJIA) lost ground. Crude oil for future delivery closed near $63 on news of a foiled terrorist attack on a Saudi oil processing plant; energy stocks rose as a result, stemming the decline of the major indexes.
For the week, The Dow Jones Industrial Average (DJIA) fell by 0.5%, while both The NASDAQ Composite and The S&P 500 Indexes rose by 0.2%.
U.S. District Judge James R. Spencer decided to postpone a ruling in the BlackBerry patent fight between Research In Motion and NTP; Spencer was not pleased that the two parties have not been able to settle the matter. So, for now, the popular BlackBerry mobile email service will remain active.
Shares of Research In Motion gained $4.52 (6.5%) to $74.05 in regular trading; the stock then gained an additional $0.30 in after-hours action this evening.
Management @ H&R Block reported that the company made a mistake on their own state income taxes to the tune of $32 million, a blunder that will probably end up costing the company in more ways than one. Furthermore, so far this year, business at H&R Block's 12,000+ stores across the country has been slower than expected. H&R Block is the U.S. #1 tax preparation company.
Shares of H&R Block fell by $2.18 (8.65%) to close @ $23.01
Shares of Gap Inc. fell by $0.67 (3.51%) to close @ $18.43.
Shares of Nordstrom fell by $1.72 to close @ $38.30 on news that profits for Q1 2006 probably won't measure up to analyst estimates.
Shares of Kohl's gained $2.35 (5.28%) to close @ $46.86.
Violence in Nigeria and Saudi Arabia caused crude oil prices to soar. Energy stocks did well as a result.
Shares of Exxon Mobil gained $0.59 (0.99%) to close @ $60.42 in regular trading; the stock then gained an additional $0.22 in after-hours action this evening.
Shares of Valero Energy gained $1.34 (2.44%) to close @ $56.19 in regular trading; the stock then gained an additional $0.36 in after-hours action this evening.
Shares of ConocoPhillips gained $1.29 (2.10%) to close @ $62.73.
Shares of Chevron gained $0.51 (0.89%) to close @ $57.65 in regular trading; the stock then gained an additional $0.13 in after-hours action this evening.
Shares of Dana Corp. fell by $1.64 (52.06%) to close $1.51 in regular trading; the stock recovered $0.16 in after-hour trading this evening.
Shares of General Motors fell by $0.60 (2.91%) to close $19.99.
Today's Numbers:
DJIA: Closed Lower @ 11,061.85 (-7.37)
NASDAQ: Closed Higher@ 2,287.04 (+7.72)
S&P 500: Closed Higher @ 1,289.43 (+1.64)
----------------------------------------------------------
NYMEX Crude Oil Future closed @ $62.91/barrel
New York Spot Gold closed Higher @ $558.40/ounce
Currently, The U.S. Dollar buys 0.842 Euros
Currently, The Euro buys 1.1876 U.S. Dollars
The U.S. Prime Rate (WSJ Prime Rate) is 7.5%
For the week, The Dow Jones Industrial Average (DJIA) fell by 0.5%, while both The NASDAQ Composite and The S&P 500 Indexes rose by 0.2%.
U.S. District Judge James R. Spencer decided to postpone a ruling in the BlackBerry patent fight between Research In Motion and NTP; Spencer was not pleased that the two parties have not been able to settle the matter. So, for now, the popular BlackBerry mobile email service will remain active.
Shares of Research In Motion gained $4.52 (6.5%) to $74.05 in regular trading; the stock then gained an additional $0.30 in after-hours action this evening.
Management @ H&R Block reported that the company made a mistake on their own state income taxes to the tune of $32 million, a blunder that will probably end up costing the company in more ways than one. Furthermore, so far this year, business at H&R Block's 12,000+ stores across the country has been slower than expected. H&R Block is the U.S. #1 tax preparation company.
Shares of H&R Block fell by $2.18 (8.65%) to close @ $23.01
Shares of Gap Inc. fell by $0.67 (3.51%) to close @ $18.43.
Shares of Nordstrom fell by $1.72 to close @ $38.30 on news that profits for Q1 2006 probably won't measure up to analyst estimates.
Shares of Kohl's gained $2.35 (5.28%) to close @ $46.86.
Violence in Nigeria and Saudi Arabia caused crude oil prices to soar. Energy stocks did well as a result.
Shares of Exxon Mobil gained $0.59 (0.99%) to close @ $60.42 in regular trading; the stock then gained an additional $0.22 in after-hours action this evening.
Shares of Valero Energy gained $1.34 (2.44%) to close @ $56.19 in regular trading; the stock then gained an additional $0.36 in after-hours action this evening.
Shares of ConocoPhillips gained $1.29 (2.10%) to close @ $62.73.
Shares of Chevron gained $0.51 (0.89%) to close @ $57.65 in regular trading; the stock then gained an additional $0.13 in after-hours action this evening.
Shares of Dana Corp. fell by $1.64 (52.06%) to close $1.51 in regular trading; the stock recovered $0.16 in after-hour trading this evening.
Shares of General Motors fell by $0.60 (2.91%) to close $19.99.
Today's Numbers:
DJIA: Closed Lower @ 11,061.85 (-7.37)
NASDAQ: Closed Higher@ 2,287.04 (+7.72)
S&P 500: Closed Higher @ 1,289.43 (+1.64)
----------------------------------------------------------
NYMEX Crude Oil Future closed @ $62.91/barrel
New York Spot Gold closed Higher @ $558.40/ounce
Currently, The U.S. Dollar buys 0.842 Euros
Currently, The Euro buys 1.1876 U.S. Dollars
The U.S. Prime Rate (WSJ Prime Rate) is 7.5%
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posted by Steve Brown | 2/24/2006 10:59:00 PM
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