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Economy

Economic Data (USA)

Friday, September 14, 2007

All 3 Majors Gained for The Week On Anticipated Rate Cut by The Fed

All 3 major indexes advanced this week, despite crude oil finishing above $79 per barrel, as investors got bullish in anticipation of an expected rate cut by the Fed next week. The price on NY Spot gold closed above the $708 mark.

1,205,539,300 shares were traded @ The New York Stock Exchange® today.

For the week, the DJIA gained 329.14 points (+2.51%), the NASDAQ Composite Index added 36.48 points (+1.422%), and the S and P 500 Index gained 30.70 points (+2.112%).

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 13,442.52 (+17.64)

NASDAQ: Closed @ 2,602.18 (+1.12)

S and P 500: Closed @ 1,484.25 (+0.30)

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NYMEX Crude Oil Future closed @ $79.10/barrel

NY Spot Gold closed @ $708.60/ounce

In New York, The U.S. Dollar buys 0.7207 Euros

In New York, The Euro buys 1.3876 U.S. Dollars

The Federal Funds Target Rate is 5.25%

10-Year Treasury Note Yield is currently @ 4.462%

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