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Economy

Economic Data (USA)

Friday, September 21, 2007

All 3 Majors Advanced On The Week Thanks to Aggressive Rate Cut by The Fed

Each of the 3 major indexes gained more than two percent this week thanks in no small part to an aggressive, 50 basis point rate cut by the Fed. Crude oil and gold surged, and the dollar lost ground against key currencies like the euro and the Canadian dollar.

2,080,329,040 shares were traded @ The New York Stock Exchange® today.

For the week, the DJIA gained 377.67 points (+2.81%), the NASDAQ Composite Index added 69.04 points (+2.653%), and the S and P 500 Index gained 41.50 points (+2.796%).

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 13,820.19 (+53.49)

NASDAQ: Closed @ 2,671.22 (+16.93)

S and P 500: Closed @ 1,525.75 (+7.00)

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NYMEX Crude Oil Future closed @ $81.62/barrel

NY Spot Gold closed @ $731.00/ounce

In New York, The U.S. Dollar buys 0.7097 Euros

In New York, The Euro buys 1.4091 U.S. Dollars

The Federal Funds Target Rate is 4.75%

10-Year Treasury Note Yield is currently @ 4.632%

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