Unboxed: Can You Become A Creature Of New Habits?
Brain researchers have discovered that when we consciously develop new habits, we create parallel synaptic paths, and even entirely new brain cells, that can encourage a way to innovation....
Read Full Article
Purge Victims Are Recalled
<b>MOSCOW</b> Relatives of victims of purges by the Soviet leader Joseph Stalin gathered in the Russian capital to commemorate their loved ones and demand compensation from the autho...
Read Full Article
F.C.C. Chairman Says Rules Bar Satellite Radio Merger
Kevin Martin said that Sirius Satellite Radio and XM Satellite Radio would not win approval of a merger under current regulatory rules....
Read Full Article
BigPond TV Aims For Big Things From Very Small Screen
Want to watch a three-minute soap opera? A two-minute talk show? These are just some of the options Telstra might be looking at in on-demand television for mobile phones....
Read Full Article
U.N. Development Agency Suspends Its Work In North Korea
The agency said the country had failed to meet conditions set up in response to complaints that U.N. money was being diverted to the government of Kim Jong-il....
Read Full Article

DataBank: Investors Have Reasons To Cheer As 2006 Ends


Stocks finished 2006 on a high note. Though they slipped a bit on Friday, the Dow Jones industrials ended the year up 16.3 percent and less than 50 points from their record high of 12,510.57 reached on Wednesday.

Most of the market gains came in the last half of the year, as oil prices started to retreat from their record highs, signs began to appear that the worst of the housing slump may have passed and the Federal Reserve stopped raising short-term interest rates.

On Friday, shares of Apple Computer rose nearly 5 percent on news that the company had exonerated its chief executive, Steven P. Jobs, of any wrongdoing in a stock options backdating inquiry.

The stock markets will be closed tomorrow for New Years Day and on Tuesday for a national day of mourning for former President Gerald R. Ford.

For the week, the Dow rose 119.93 points, or 1.0 percent, to close at 12,463.15. The Standard & Poors 500-stock index gained 7.54 points, or 0.5 percent, to 1,418.30. The Nasdaq composite index climbed 14.11 points, or 0.6 percent, to 2,415.29. The Nasdaq finished the year 9.5 percent higher, and the S.& P. 500 ended 2006 up 13.6 percent.

The 10-year Treasury notes yield rose to 4.70 percent from 4.62 percent a week earlier.

Tag Cloud

External Information

Additional Information

A Weak Dollar Is Music to Foreign Tourists...
Worrying change for the average non-dom millionaire...
Alitalia rises on hope that rescue is on wing...
BA reviews transfers to T5 after shambolic opening...

Where Am I?

News Main Page - Business - DataBank: Investors Have Reasons To Cheer As 2006 Ends


 
i8news.com