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Economy

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:

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DJIA: Closed @ 13,507.28 (+66.15)

NASDAQ: Closed @ 2,557.19 (+19.27)

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

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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%

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