The 3 Majors Declined Today As Investors Reacted to The Fed's Monetary Policy Statement & Crude Oil Soared Passed The $66 Mark
The 3 major indexes retreated as investors understood today's FOMC statement about monetary policy to mean that The Fed may raise the benchmark Federal Funds Target Rate beyond 5% later this year. The price on crude oil for future delivery soared beyond the $66 mark, which contributed to today's bearishness. 1,556,432,690 shares were traded @ The New York Stock Exchange® today.
The worst performer in The Dow Jones Industrial Average (DJIA) today was Hewlett-Packard; shares of HP fell by $1.04 (3.14%) to close @ $32.07 . Hewlett-Packard is the global #2 PC manufacturer.
Shares of DJIA component JP Morgan Chase fell by $0.55 (1.31%) to close @ $41.56. JP Morgan Chase is the U.S. #3 bank by size.
Shares of DJIA component Pfizer fell by $0.46 (1.78%) to close @ $25.35. Pfizer is the global #1 pharmaceutical company.
Shares of Eli Lilly fell by $2.29 (3.9%) to close @ $56.38. Eli Lilly is the U.S. #7 pharmaceutical company by size.
Shares of Monsanto gained $2.89 (3.59%) to $83.45. Monsanto is the global #1 maker of genetically modified crops.
Summary of The New York Markets:
----------------------------------------------------------
DJIA: Closed Lower @ 11,154.54 (-95.57)
NASDAQ: Closed Lower @ 2,304.46 (-11.12)
S&P 500: Closed Lower @ 1,293.23 (-8.38)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $65.82/barrel
New York Spot Gold closed Lower @ $566.60/ounce
Currently, The U.S. Dollar buys 0.8325 Euros
Currently, The Euro buys 1.2012 U.S. Dollars
The U.S. Prime Rate (WSJ Prime Rate) is 7.75%
The worst performer in The Dow Jones Industrial Average (DJIA) today was Hewlett-Packard; shares of HP fell by $1.04 (3.14%) to close @ $32.07 . Hewlett-Packard is the global #2 PC manufacturer.
Shares of DJIA component JP Morgan Chase fell by $0.55 (1.31%) to close @ $41.56. JP Morgan Chase is the U.S. #3 bank by size.
Shares of DJIA component Pfizer fell by $0.46 (1.78%) to close @ $25.35. Pfizer is the global #1 pharmaceutical company.
Shares of Eli Lilly fell by $2.29 (3.9%) to close @ $56.38. Eli Lilly is the U.S. #7 pharmaceutical company by size.
Shares of Monsanto gained $2.89 (3.59%) to $83.45. Monsanto is the global #1 maker of genetically modified crops.
Summary of The New York Markets:
----------------------------------------------------------
DJIA: Closed Lower @ 11,154.54 (-95.57)
NASDAQ: Closed Lower @ 2,304.46 (-11.12)
S&P 500: Closed Lower @ 1,293.23 (-8.38)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $65.82/barrel
New York Spot Gold closed Lower @ $566.60/ounce
Currently, The U.S. Dollar buys 0.8325 Euros
Currently, The Euro buys 1.2012 U.S. Dollars
The U.S. Prime Rate (WSJ Prime Rate) is 7.75%
| > SITEMAP < |
posted by Steve Brown | 3/28/2006 10:38:00 PM
1 Comments:
Well said,i applaud your blog,mental health consumers are the least capable of self advocacy,my doctors made me take zyprexa for 4 years which was ineffective for my symptoms.I now have a victims support page against Eli Lilly for it's Zyprexa product causing my diabetes.--Daniel Haszard www.zyprexa-victims.com
Post a Comment
Links to this post:
Create a Link
<< Home