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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.

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