Sunday, June 04, 2006

The week in review

  • DJIA lost 30.74 for the week, 0.27% to finish at 11,247.87. That's still positive by 530 points for the year.
  • S&P 500 gained 8.06, 0.63% and finished the week at 1288.22.
  • Crude oil rose by $0.96 or 1.35% to finish the week at $72.33. I paid $4.29/gallon for gas on Maui last week, so the Bay Area's $3.35 doesn't seem nearly so bad.
Treasury Secretary John Snow resigned May 30th and President Bush nominated Henry Paulson, Jr. of Goldman Sachs to head the Treasury. If confirmed, Paulson will be the first Treasury Secretary from Wall Street to lead the department during the Bush administration. Snow, who had been Treasury Secretary since February, 2003, came from the railroad industry. Bush's first Treasury Secretary was Paul O'Neill who had been with International Paper and Alcoa.

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