Tuesday, December 12, 2006

The 3 Majors Declined Today Despite Cheaper Crude Oil & Fed Inaction

All 3 major indices declined today despite cheaper crude oil prices and Fed inaction on short-term interest rates. 1,529,808,610 shares were traded @ The New York Stock Exchange® today.

Summary of The U.S. Markets:

----------------------------------------------------------

DJIA: Closed @ 12,315.58 (-12.90)

NASDAQ: Closed @ 2,431.60 (-11.26)

S and P 500: Closed @ 1,411.56 (-1.48)

----------------------------------------------------------

WTI Crude Oil Future closed @ $61.06/barrel

NY Spot Gold closed @ $628.50/ounce

In New York, The U.S. Dollar buys 0.7531 Euros

In New York, The Euro buys 1.3278 U.S. Dollars

The Federal Funds Target Rate is 5.25%

Ten-Year Treasury Note Yield is currently @ 4.491%