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Economy

Economic Data (USA)

Friday, August 31, 2007

The NASDAQ Composite was The Only Major To Advance On The Week

The NASDAQ Composite was the only one of the 3 major indexes to advance this week, despite a Bernanke-inspired rally on Friday: the futures market is still pricing in 100% odds that the Fed will cut short-term rates on September 18. Crude oil for future delivery closed at $74.04 per barrel.

1,394,383,190 shares were traded @ The New York Stock Exchange® today.

For the week, the DJIA lost 21.13 points, the NASDAQ Composite Index added 19.67 points (+0.763%), and the S and P 500 Index lost 5.38 points.

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 13,357.74 (+119.01)

NASDAQ: Closed @ 2,596.36 (+31.06)

S and P 500: Closed @ 1,473.99 (+16.35)

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WTI Crude Oil Future closed @ $74.04/barrel

NY Spot Gold closed @ $673.20/ounce

In New York, The U.S. Dollar buys 0.7337 Euros

In New York, The Euro buys 1.363 U.S. Dollars

The Federal Funds Target Rate is 5.25%

Ten-Year Treasury Note Yield is currently @ 4.537%

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