Dow and S&P Closed Up; NASDAQ Lost Ground
The Dow Jones Industrial Average (DJIA) and the S&P 500 Index both advanced today, but the NASDAQ Composite retreated. 1,701,354,630 shares were traded @ The New York Stock Exchange® today.
Shares of DJIA component Caterpillar gained $1.69 to close @ $73.50.
Shares of DJIA component General Motors lost $1.13 to close @ $20.14 on news that the company is selling its General Motors Acceptance Corporation (GMAC) unit to a group led by Cerberus Capital Management in a deal worth about $7.4 billion.
Shares of U.S. Steel gained $1.51 to close @ $62.19.
Shares of Joy Global gained $3.34 to close @ $63.11. Joy Global makes equipment for coal mining.
Shares of Terex Corporation gained $7.23 to close @ $86.47.
Shares of Phelps Dodge gained $3.20 to close @ $83.73.
Plenty of merger action so far this week, most notably between Alcatel and Lucent.
Service Corporation International announced plans to buy Alderwoods Group Incorporated in a deal worth about $856 million.
Shares of Alderwoods gained $1.45 to close @ $19.35.
Shares of Service Corporation gained $0.70 to close @ $8.50. Service Corporation is the U.S. #1 proprietor of cemeteries and funeral homes.
Ameristar Casinos has offered to purchase Aztar Corporation for an estimated $1.51 billion.
Shares of Aztar Corporation gained $2.61 to close @ $44.60. Aztar owns the Tropicana casinos in Las Vegas and Atlantic City.
Shares of Ameristar Casinos lost $1.78 to close @ $24.01.
Shares of Archer-Daniels-Midland (ADM) gained $1.56 to close @ $35.21. The stock may continue to make gains this year as the demand for ethanol increases. ADM is the U.S. #1 producer of corn-based ethanol.
Summary of The New York Markets:
----------------------------------------------------------
DJIA: Closed Higher @ 11,144.94 (+35.62)
NASDAQ: Closed Lower @ 2,336.74 (-3.05)
S&P 500: Closed Higher @ 1,297.81 (+2.98)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $66.42/barrel
NY Spot Gold gained $7.80 to close @ $589.30/ounce
Currently, The U.S. Dollar buys 0.8235 Euros
Currently, The Euro buys 1.2144 U.S. Dollars
The U.S. Prime Rate (WSJ Prime Rate) is 7.75%
Shares of DJIA component Caterpillar gained $1.69 to close @ $73.50.
Shares of DJIA component General Motors lost $1.13 to close @ $20.14 on news that the company is selling its General Motors Acceptance Corporation (GMAC) unit to a group led by Cerberus Capital Management in a deal worth about $7.4 billion.
Shares of U.S. Steel gained $1.51 to close @ $62.19.
Shares of Joy Global gained $3.34 to close @ $63.11. Joy Global makes equipment for coal mining.
Shares of Terex Corporation gained $7.23 to close @ $86.47.
Shares of Phelps Dodge gained $3.20 to close @ $83.73.
Plenty of merger action so far this week, most notably between Alcatel and Lucent.
Service Corporation International announced plans to buy Alderwoods Group Incorporated in a deal worth about $856 million.
Shares of Alderwoods gained $1.45 to close @ $19.35.
Shares of Service Corporation gained $0.70 to close @ $8.50. Service Corporation is the U.S. #1 proprietor of cemeteries and funeral homes.
Ameristar Casinos has offered to purchase Aztar Corporation for an estimated $1.51 billion.
Shares of Aztar Corporation gained $2.61 to close @ $44.60. Aztar owns the Tropicana casinos in Las Vegas and Atlantic City.
Shares of Ameristar Casinos lost $1.78 to close @ $24.01.
Shares of Archer-Daniels-Midland (ADM) gained $1.56 to close @ $35.21. The stock may continue to make gains this year as the demand for ethanol increases. ADM is the U.S. #1 producer of corn-based ethanol.
Summary of The New York Markets:
----------------------------------------------------------
DJIA: Closed Higher @ 11,144.94 (+35.62)
NASDAQ: Closed Lower @ 2,336.74 (-3.05)
S&P 500: Closed Higher @ 1,297.81 (+2.98)
----------------------------------------------------------
NYMEX Crude Oil Future is currently @ $66.42/barrel
NY Spot Gold gained $7.80 to close @ $589.30/ounce
Currently, The U.S. Dollar buys 0.8235 Euros
Currently, The Euro buys 1.2144 U.S. Dollars
The U.S. Prime Rate (WSJ Prime Rate) is 7.75%
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posted by Steve Brown | 4/03/2006 10:34:00 PM
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