July 11, 2006 > A Status Report On Wall Street's Major Indexes
A Status Report On Wall Street's Major Indexes
AP Wire Service, Jul 07 - Record oil prices and a profit warning from Dow Jones industrial average component 3M Co. sent stocks sharply lower Friday. The major indexes all ended the week lower.
Volatile oil prices also rattled investors. A barrel of light crude set an intraday record of $75.78 before settling at $74.09, down $1.05, on the New York Mercantile Exchange.
The Dow Jones industrial average fell 134.63, or 1.2 percent, to 11,090.67.
The Standard & Poor's 500 index lost 8.60, or 0.67 percent, to 1,265.48.
The Nasdaq composite index dropped 25.03, or 1.16 percent, to 2,130.06.
For the week:
The Dow fell 59.55, or 0.53 percent.
The S&P fell 4.72, or 0.37 percent.
The Nasdaq fell 42.03, or 1.94 percent.
Where the indexes stand compared with their all-time highs, reached in early 2000:
The Dow is 632.31, or 5.39 percent, below its peak of 11,722.98 on Jan. 14, 2000.
The S&P is 261.98, or 17.15 percent, below its peak of 1,527.46 on March 24, 2000.
The Nasdaq is 2,918.56, or 57.81 percent, below its peak of 5,048.62 on March 10, 2000.
For the year:
The Dow is up 373.17, or 3.48 percent.
The S&P is up 17.19, or 1.38 percent.
The Nasdaq is down 75.26, or 3.41 percent.