All 3 Majors Retreated On The Day; The NASDAQ Was The Only Gainer for The Week

All 3 major indices declined today as investors responded bearishly to the December jobs report released this morning: the favorable U.S. employment situation means that the Fed is now less likely to lower short-term interest rates before the summer of 2007. The NASDAQ Composite Index was the only major to advance for the week. 1,717,398,960 shares were traded @ The New York Stock Exchange® today.


For the week, the Dow Jones Industrial Average (DJIA) fell by 65.14 points (-0.525%), the NASDAQ Composite Index added 18.96 points (+0.785%), and the S and P 500 Index lost 8.59 points (-0.609%).


Summary of The U.S. Markets:

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DJIA: Closed @ 12,398.01 (-82.68)

NASDAQ: Closed @ 2,434.25 (-19.18)

S + P 500: Closed @ 1,409.71 (-8.63)

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WTI Crude Oil Future closed @ $56.31/barrel

NY Spot Gold closed @ $605.10/ounce

In New York, The U.S. Dollar buys 0.7691 Euros

In New York, The Euro buys 1.3003 U.S. Dollars

The Fed Funds Target Rate is 5.25%

Ten-Year Treasury Note Yield is currently @ 4.646%

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