The Dow Falls 36 Points, Nasdaq Loses 16
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The Dow fell 36.42 points today to close at 11,345.05, the Nasdaq lost 16.20 points to close at 2,147.75 and the S&P 500 fell 4.78 points to close at 1,297.52. The markets ended slightly lower as investors took modest profits after 5 days of gains. Oil ended up $1.38 to $72.52.
Volume was light with 1.11 billion shares trading on the NYSE and 1.37 billion on the Nasdaq. Decliners topped advancers by a margin of 19:13 on the NYSE and 20:10 on the Nasdaq.
In individual stories, OraLabs Holding (NASDAQ: OLAB) gained 99.7% after announcing that second quarter revenues were $4,400,146 with a net profit of $.10 per share, or $453,992. The same period in 2005 reported revenues of $2,543,188 with net loss of $.01 per share, or $2,926. Spacehab (Nasdaq: SPAB) lost 26.4% after NASA's Commercial Orbital Transportation Services rejected a proposal by SPAB. The $485 million in grants were given to private companies.
Volume was light with 1.11 billion shares trading on the NYSE and 1.37 billion on the Nasdaq. Decliners topped advancers by a margin of 19:13 on the NYSE and 20:10 on the Nasdaq.
In individual stories, OraLabs Holding (NASDAQ: OLAB) gained 99.7% after announcing that second quarter revenues were $4,400,146 with a net profit of $.10 per share, or $453,992. The same period in 2005 reported revenues of $2,543,188 with net loss of $.01 per share, or $2,926. Spacehab (Nasdaq: SPAB) lost 26.4% after NASA's Commercial Orbital Transportation Services rejected a proposal by SPAB. The $485 million in grants were given to private companies.
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