Strong Gains for All 3 Majors Today, On An Encouraging PPI Report
All 3 major indexes enjoyed strong gains today as investors got bullish about the numbers in the July Producer Price Index (PPI) report, which indicate that inflation is starting to simmer down: this translates to an increased likelihood that the Federal Open Market Committee (FOMC) will pass on raising the Fed Funds Target Rate on September 20TH. 1,514,916,910 shares were traded @ The New York Stock Exchange®.
Shares of Dow Jones Industrial Average (DJIA) component JP Morgan Chase (JPM) gained $1.15 (+2.62%) to close @ $45.04.
Shares of DJIA component Caterpillar (CAT) gained $1.45 (+2.20%) to close @ $67.41.
Shares of DJIA component Boeing (BA) gained $1.19 (+1.58%) to close @ $76.58.
Shares of DJIA component 3M (MMM) gained $1.16 (+1.69%) to close @ $69.78.
Shares of NYSE Group (NYX) gained $1.20 (+2.08%) to close @ $59.00. NYSE Group owns the New York Stock Exchange®.
Shares of New River Pharmaceuticals Inc. (NRPH) gained $3.17 (+13.76%) to close @ $26.20.
Shares of Equinix Inc. (EQIX) gained $7.67 (+15.24%) to close @ $58.00.
Shares of TriPath Imaging Inc. (TPTH) gained $3.70 (+72.27%) to close @ $8.82.
Shares of Optical Cable Corporation (OCCF) gained $2.25 (+63.38%) to close @ $5.80.
Shares of Delta & Pine Land Co. (DLP) gained $4.10 (+11.31%) to close @ $40.34.
Shares of Suntech Power Holdings Co. Ltd. (STP) gained $3.19 (+11.39%) to close @ $31.20.
Shares of Redback Networks Inc. (RBAK) gained $2.22 (+13.55%) to close @ $18.60.
Shares of MEMC Electronic Materials Inc. (WFR) gained $3.28 (+10.45%) to close @ $34.66.
Shares of BJ's Wholesale Club Inc. (BJ) fell by $1.69 (-6.17%) to close @ $25.71.
Shares of Simclar Inc. (SIMC) fell by $3.16 (-35.43%) to close @ $5.76.
Shares of Imperial Industries Inc. (IPII) fell by $3.55 (-21.13%) to close @ $13.25.
Shares of Quest Resource Corporation (QRCP) fell by $2.01 (-15.39%) to close @ $11.05.
Shares of Optelecom-NKF Inc. (OPTC) fell by $4.21 (-34.76%) to close @ $7.90.
Shares of Handheld Entertainment (ZVUE) fell by $2.06 (-33.47%) to close @ $4.10.
Summary of The U.S. Markets:
----------------------------------------------------------
DJIA: Closed @ 11,230.26 (+132.39)
NASDAQ: Closed @ 2,115.01 (+45.97)
S&P 500: Closed @ 1,285.58 (+17.37)
----------------------------------------------------------
NYMEX Crude Oil Future closed @ $73.05/barrel
NY Spot Gold closed @ $622.50/ounce (-$6.00)
In New York, The U.S. Dollar buys 0.7818 Euros
In New York, The Euro buys 1.2791 U.S. Dollars
The U.S. Prime Rate (WSJ Prime Rate) is 8.25%
Shares of Dow Jones Industrial Average (DJIA) component JP Morgan Chase (JPM) gained $1.15 (+2.62%) to close @ $45.04.
Shares of DJIA component Caterpillar (CAT) gained $1.45 (+2.20%) to close @ $67.41.
Shares of DJIA component Boeing (BA) gained $1.19 (+1.58%) to close @ $76.58.
Shares of DJIA component 3M (MMM) gained $1.16 (+1.69%) to close @ $69.78.
Shares of NYSE Group (NYX) gained $1.20 (+2.08%) to close @ $59.00. NYSE Group owns the New York Stock Exchange®.
Shares of New River Pharmaceuticals Inc. (NRPH) gained $3.17 (+13.76%) to close @ $26.20.
Shares of Equinix Inc. (EQIX) gained $7.67 (+15.24%) to close @ $58.00.
Shares of TriPath Imaging Inc. (TPTH) gained $3.70 (+72.27%) to close @ $8.82.
Shares of Optical Cable Corporation (OCCF) gained $2.25 (+63.38%) to close @ $5.80.
Shares of Delta & Pine Land Co. (DLP) gained $4.10 (+11.31%) to close @ $40.34.
Shares of Suntech Power Holdings Co. Ltd. (STP) gained $3.19 (+11.39%) to close @ $31.20.
Shares of Redback Networks Inc. (RBAK) gained $2.22 (+13.55%) to close @ $18.60.
Shares of MEMC Electronic Materials Inc. (WFR) gained $3.28 (+10.45%) to close @ $34.66.
Shares of BJ's Wholesale Club Inc. (BJ) fell by $1.69 (-6.17%) to close @ $25.71.
Shares of Simclar Inc. (SIMC) fell by $3.16 (-35.43%) to close @ $5.76.
Shares of Imperial Industries Inc. (IPII) fell by $3.55 (-21.13%) to close @ $13.25.
Shares of Quest Resource Corporation (QRCP) fell by $2.01 (-15.39%) to close @ $11.05.
Shares of Optelecom-NKF Inc. (OPTC) fell by $4.21 (-34.76%) to close @ $7.90.
Shares of Handheld Entertainment (ZVUE) fell by $2.06 (-33.47%) to close @ $4.10.
Summary of The U.S. Markets:
----------------------------------------------------------
DJIA: Closed @ 11,230.26 (+132.39)
NASDAQ: Closed @ 2,115.01 (+45.97)
S&P 500: Closed @ 1,285.58 (+17.37)
----------------------------------------------------------
NYMEX Crude Oil Future closed @ $73.05/barrel
NY Spot Gold closed @ $622.50/ounce (-$6.00)
In New York, The U.S. Dollar buys 0.7818 Euros
In New York, The Euro buys 1.2791 U.S. Dollars
The U.S. Prime Rate (WSJ Prime Rate) is 8.25%
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posted by Steve Brown | 8/15/2006 10:11:00 PM
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