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Economy

Economic Data (USA)

Tuesday, August 29, 2006

The Possibility that The Fed May Remain on The Sidelines Helped The 3 Majors Advance Today

The 3 major indices advanced today as investors got bullish in response to the content in the minutes from the August 8TH Federal Open Market Committee (FOMC) monetary policy meeting. 1,376,852,020 shares were traded @ The New York Stock Exchange®.


Summary of The U.S. Markets:

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DJIA: Closed @ 11,369.94 (+17.93)

NASDAQ: Closed @ 2,172.30 (+11.60)

S&P 500: Closed @ 1,304.28 (+2.50)

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NYMEX Crude Oil Future is currently @ $70.00/barrel

NY Spot Gold closed @ $610.60/ounce (-$4.30)

In New York, The U.S. Dollar buys 0.7795 Euros

In New York, The Euro buys 1.2829 U.S. Dollars

The U.S. Prime Rate (Fed Prime Rate) is 8.25%

10-Year Treasury Note Yield is currently @ 4.783%


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