Reduced Fears About Inflation Helped The 3 Majors Advance Today

The 3 major indexes advanced today, thanks in part to a Consumer Spending report which eased investors' concerns about inflation. A relatively slow trading day: 1,337,600,010 shares were traded @ The New York Stock Exchange®.

For the week, the Dow Jones Industrial Average (DJIA) gained 1.2%, the NASDAQ Composite Index gained 0.8%, and the S&P 500 Index gained 1%.


Milestone: The world's most recognizable market index--the Dow Jones Industrial Average (DJIA)--turns 110 years old today. Currently, there are no plans to modify the current list of companies which constitute the DJIA.


Shares of Las Vegas Sands (LVS) gained $5.96 (9.36%) to close @ $69.63 on news that the company managed to outbid competitors and will build a resort in Singapore.


Shares of truck manufacturer Navistar International (NAV) gained $4.16 (16.74%) to close @ $29.01 on news that MAN AG may acquire a stake in Navistar.


Shares of Goldman Sachs Group (GS) gained $5.62 (3.81%) to close @ $152.94; the stock then added an additional $0.46 in after-hours action this evening.

Shares of Merrill Lynch & Co. (MER) gained $1.31 (1.83%) to close @ $72.79.


Summary of The U.S. Markets:

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DJIA: Closed @ 11,278.61 (+67.56)

NASDAQ: Closed @ 2,210.37 (+12.13)

S&P 500: Closed @ 1,280.16 (+7.28)

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NYMEX Crude Oil Future closed @ $71.29/barrel

NY Spot Gold gained $2.50 to close @ $650.80/ounce

Currently, The U.S. Dollar buys 0.7851 Euros

Currently, The Euro buys 1.2738 U.S. Dollars

The U.S. Prime Rate (WSJ Prime Rate) is 8.00%

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