MORNING BUSINESS MINUTE, TUES. MAY 23, 2006
By:
Updated: April 17, 2007
Oil prices finished the session up $0.70 cents a barrel to close at $69.23 on Nymex -- but that served only as a rebound from a six-week low point at mid-day on the markets.
Gold prices also rebounded just a bit from losses last week.
The Dow lost -18.73 (-0.17%) to close at 11,125.33. The NASDAQ lost -21.03 (-0.96%) to close at 2,172.86. The S&P 500 lost -4.96 (-0.39%) to finish at 1,262.07.
Local stocks split the session. Wal-Mart (WMT) added +0.06% to close at $47.35. AllTel (AT) lost -1.85% to close at $61.56. Tyson Foods (TSN) added +4.06% to close at $17.16. JB Hunt (JBHT) added +0.12% to close at $24.42. Acxiom (ACXM) lost -0.43% to close at $23.23.
In terms of economic figures -- we have none again today, which means more worry about interest rates and inflation on the street.
Earning today include numbers from Borders Books.
Overseas in Asia, the Nikkei lost -132.96 (-0.8%) to reach 15,724.91 at the mid-day break in Tokyo. The broader Topix lost -19.57 (-1.1%) to reach 1,596.29. Back in the U.S., in extended hours trading, the NASDAQ 100 Afterhours Indicator fell -0.08 (-0.01%) to close at 1,584.49.
