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Economy

Economic Data (USA)

Thursday, January 25, 2007

All 3 Majors Retreated Today On Slower-Than-Expected Existing Home Sales

All 3 major indices retreated today on slower-than-expected December existing homes sales, and news that Ford Motor lost a record $12.7 billion last year (Both General Motors and DaimlerChrysler are also expected to report a loss for 2006.) 1,760,388,250 shares were traded @ The New York Stock Exchange® today.


Summary of The U.S. Markets:

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DJIA: Closed @ 12,502.56 (-119.21)

NASDAQ: Closed @ 2,434.24 (-32.04)

S + P 500: Closed @ 1,423.90 (-16.23)

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WTI Crude Oil Future closed @ $54.54/barrel

NY Spot Gold closed @ $645.90/ounce

In New York, The U.S. Dollar buys 0.7738 Euros

In New York, The Euro buys 1.2924 U.S. Dollars

The Fed Funds Target Rate is 5.25%

Ten-Year Treasury Note Yield is currently @ 4.867%


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