The Stock Market Game Week in Review: April 27New York Yankee Alex Rodriguez set a record last week (April 23) by being the first baseball player to hit 14 home runs in the first 18 games of the major league season. In the financial big leagues, the Dow Jones Industrial Average made news as it surged above 13,000 on Wednesday, April 25 - the first time in its history.
index was propelled by
(AA), one of the world's top producers of aluminum, as it jumped 5.2 percent to $35.76 after announcing plans to explore the sale of its Reynolds Wrap subsidiary. Other strong performers were
(AMZN). IBM jumped 3.02 percent to $101.46 following news of a larger
dividend and stock
buyback. Exxon Mobil rose 1.7 percent at $79.92 while Amazon.com surged 27 percent to $56.81 after posting much stronger
earnings than expected.
While the Dow tends to overshadow other indexes, the
Standard & Poor's 500
, and the
also turned in strong performances. Standard & Poor's 500 Index hit a 52-week high
closing at 1,495.42, up 15.01, or 1.01 percent. The often overlooked Russell 3000 Index, which bills itself as the broadest of all stock market indices, also touched a 52-week high, at 871.16, before closing at 870.37, up 8.02. This index consists of 3,000 companies taken from all major stock exchanges, including the "Big Board" (the
New York Stock Exchange, or NYSE) and
Nasdaq. Likewise, the Nasdaq hit a 52-week high of 2,552.39 before closing at 2,547.89, up 23.35, or 0.92 percent.
The major indices may have been hitting home runs this week, but many students' money management skills are striking out. At the JumpStart Coalition's (
)annual meeting last week, we learned an alarming fact: more students now drop out of college because of credit card debt than for academic failure. Teachers, especially those with graduating seniors (who will receive a minimum of six credit card offers the minute they arrive on campus), should take a look at the Web site (
)of an organization called Credit Abuse Resistance Education (CARE). The group was founded by a Federal bankruptcy judge and contains a treasure trove of resources to help you educate your students about this increasingly alarming issue.
As the school year is winding down, now is also the time to start thinking about your summer plans. To further enhance your students' participation in The Stock Market Game program, we strongly encourage you to attend the
NYSE Teacher Workshops
. In the past, participants have had an opportunity to visit with a specialist on the NYSE's trading floor, meet with key NYSE staff members, and discuss with peers how to best integrate an understanding of the securities industry into their daily lessons. The workshops are offered free of charge to participants every summer. Participants pay for travel and lodging. There are five 5-day workshops available this summer on the following dates:
June 18-22, 2007
July 16-20, 2007
July 23-27, 2007
August 6-10, 2007
August 20-24, 2007
The graduate program will be held on July 12-13, 2007. You can learn more about the program
. If you have any questions about the Teacher Workshops, feel free to email Murray Tietelbaum, the NYSE's Director of Education at firstname.lastname@example.org.
This is the final Week in Review for the semester, so have a great rest of the school year and a wonderful summer!
This article was written by a staff member of The Stock Market Game.