.comment-link {margin-left:.6em;}


Economic Data (USA)

Friday, May 25, 2007

All 3 Majors Declined for The Week on Dashed Hopes for A Rate Cut

All 3 major indexes declined on the week, as a strong monthly increase in new home sales lowered the possibility that the Fed will cut short-term interest rates at some point this year. Crude oil for future delivery finished the week above the $65 mark.

1,227,883,770 shares were traded @ The New York Stock Exchange® today.

For the week, the DJIA lost 49.25 points (-0.365%), the NASDAQ Composite Index lost 1.26 points (-0.049%), and the S and P 500 Index lost 7.02 points (-0.463%).

Summary of The U.S. Markets for Today:


DJIA: Closed @ 13,507.28 (+66.15)

NASDAQ: Closed @ 2,557.19 (+19.27)

S and P 500: Closed @ 1,515.73 (+8.22)


WTI Crude Oil Future is currently @ $65.20/barrel

NY Spot Gold closed @ $654.90/ounce

In New York, The U.S. Dollar buys 0.7439 Euros

In New York, The Euro buys 1.3442 U.S. Dollars

The Federal Funds Target Rate is 5.25%

Ten-Year Treasury Note Yield is currently @ 4.861%

Labels: , , , , ,

--> www.FedPrimeRate.com Privacy Policy <--




Entire Website © 2024 FedPrimeRate.comSM

This website is neither affiliated nor associated with The United States Federal Reserve
in any way. Information in this website is provided for educational purposes only. The owners
of this website make no warranties with respect to any and all content contained within this
website. Consult a financial professional before making important decisions related to any
investment or loan product, including, but not limited to, business loans, personal loans,
education loans, first or second mortgages, credit cards, car loans or any type of insurance.