Market Watch June 27 2005 Dow Jones and Nasdaq Figures
Market roundup shows Dow Jones at 10,290.78 with 1,637 advances and 1,671 declines. Nasdag diary lists 1,260 advances, 1,805 declines, 55 new lows, 159 unchanged, and volume near 1.48 billion.
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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Jun 28, 2005
Page
7
Market roundup shows Dow Jones at 10,290.78 with 1,637 advances and 1,671 declines. Nasdag diary lists 1,260 advances, 1,805 declines, 55 new lows, 159 unchanged, and volume near 1.48 billion.
London stocks show PartyGaming PLC climbing 11 percent on debut despite U.S. crackdown worries. Gibraltar based PartyGaming opened at 116 pence, later at 129 pence, valuing the firm around 4.64 billion pounds.
In Houston, Carol Ernst sues Merck in July claiming Vioxx caused her husband Robert Ernsts death from arrhythmia after eight months of relief from pain. The case marks the first of 2400 Vioxx suits nationwide to go trial, following a postponed Alabama case.
Oil prices settled at a record high above 60 a barrel in Vienna as demand stays strong and supply tight. Front month August crude rose to 60.95 intraday, closing at 60.54 on Nymex, the highest settlement since futures began in 1983, with heating oil and gasoline futures also climbing.
The Supreme Court ruled unanimously that Hollywood and music industry can sue technology companies that knowingly encourage customers to pirate music and movies online. The decision curbs piracy growth, preserves protections for firms that only learn of illegal use, and could push Digital Rights protections, such as locks. Hollywood executives hailed the ruling as a landmark, promising intensified action against online theft.
Stocks edged lower as Wall Street steadied after last week’s losses ahead of the Fed’s policy meeting on rates. Dow fell 7.06 to 10,290.78 while S&P 500 slipped 0.88 to 1,190.69 and Nasdaq down 8.07 to 2,045.20 amid cautious outlooks for 2006 earnings. International Paper, Cardinal Health and Nike issued warnings, pressuring prices.
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