All 3 Major Indices Declined with The Dow Retreating Below the 11K Mark

Thanks in no small part to a slowing economy, coupled with inflation worries (stagflation?), the 3 major indexes declined today, with the Dow Jones Industrial Average (DJIA) closing below the 11K mark. 1,514,460,810 shares were traded @ The New York Stock Exchange®.

Shares of DJIA component Alcoa (AA) fell by $0.99 (-3.29%) to close @ $29.10.


Shares of DJIA component 3M (MMM) fell by $1.08 (-1.34%) to close @ $79.43.


Shares of Vonage Holdings (VG) fell by $1.12 (11.67%) to close @ $8.48 on news that Verizon is suing the company over several instances of patent infringement related to voice over Internet protocol (VOIP) technology.


Shares of Symmetry Medical (SMA) fell by $3.36 (-17.84%) to close @ $15.47.


Shares of Google (GOOG) fell by $2.56 (-0.66%) to close @ $388.14; the stock then lost an additional $0.41 in after-hours action this evening.


Reduced tensions about Iran's nuclear program caused crude oil for future delivery to get cheaper today; many energy-related stocks declined as a result.

Shares of DJIA component Exxon Mobil (XOM) fell by $1.41 (-2.40%) to close @ $57.39.

Shares of Valero Energy (VLO) fell by $2.65 (-4.42%) to close @ $57.35.

Shares of Sunoco (SUN) fell by $3.14 (-4.91%) to close @ $60.86.

Shares of Chevron (CVX) fell by $1.20 (-2.04%) to close @ $57.51.

Shares of ConocoPhillips (COP) fell by $1.97 (-3.22%) to close @ $59.20.


Shares of Lehman Brothers (LEH) fell by $1.17 (-1.85%) to close @ $62.18; the stock then lost an additional $0.40 in after-hours action this evening.


Shares of U.S. Steel (X) fell by $1.74 (-2.76%) to close @ $61.20; the stock then recovered $0.27 in after-hours action this evening.


Shares of Freeport-McMoRan Copper & Gold (FCX) fell by $1.33 to close @ $46.97.

Shares of Phelps Dodge (PD) fell by $3.03 to close @ $77.07.


Shares of homebuilder Lennar (LEN) fell by $1.01 (-2.25%) to close @ $43.88.


Summary of The U.S. Markets:

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DJIA: Closed @ 10,942.11 (-72.44)

NASDAQ: Closed @ 2,110.42 (-19.53)

S&P 500: Closed @ 1,240.14 (-11.40)

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NYMEX Crude Oil Future is currently @ $68.88/barrel

NY Spot Gold fell by $9.20 to close @ $569.20/ounce

In New York, The U.S. Dollar buys 0.7954 Euros

In New York, The Euro buys 1.2572 U.S. Dollars

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

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