« We have been invaded | Main | Wishing you a »
December 30, 2005
What are they celebrating?
U.S. stocks fell in the year's final trading session on Friday, pushing the Dow Jones industrial average to its first loss since 2002.
The Dow Jones industrial average fell 67.32 points, or 0.62 percent, to end at 10,717.50. The Standard & Poor's 500 Index slipped 6.13 points, or 0.49 percent, to finish at 1,248.29. The technology-laced Nasdaq Composite Index dropped 12.84 points, or 0.58 percent, to close at 2,205.32.
For 2005, the NYSE average daily volume increased to 1.61 billion shares. Nasdaq figures were not immediately available.
About three shares fell on the NYSE for every two that rose, while on Nasdaq, declining stocks outnumbered advancing ones by a ratio of about 4 to 3.
The S&P 500 and the Nasdaq booked gains for the third straight year but... there is an inversion of the yield curve, which usually predicts an economic recession.
Ruh Roh.
Posted by LindaSoG at December 30, 2005 07:18 PM
Comments
I don't know much about shares and stocks but I take this opportunity to wish you Happy New Year.
Posted by: Felis at December 30, 2005 08:04 PM
It's just the normal three day weekend "thing" - who cares any more. Looking a the age of most of these guys - they aren't even checking the meaning OR the stats! Happy New Year Linda!
Posted by: Chrys at December 31, 2005 02:45 AM
Happy New Year to you Felis!
Posted by: LindaSoG at January 1, 2006 03:04 AM
Happy New Year Chrys!
Posted by: LindaSoG at January 1, 2006 03:08 AM