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Economy

Economic Data (USA)

Friday, October 26, 2007

All 3 Majors Advanced On The Week

All 3 major indices advanced on the day and the week as investors traded with the knowledge that the Fed will likely cut short-term interest rates next week. The dollar continued to decline against the euro and other major currencies, while crude oil and gold continued upward.

1,405,828,680 shares were traded @ The New York Stock Exchange® today.

For the week, the DJIA added 284.68 points (+2.105%), the NASDAQ Composite Index added 79.03 points (+2.9%), and the S and P 500 Index gained 34.65 points (+2.309%).

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 13,806.70 (+134.78)

NASDAQ: Closed @ 2,804.19 (+53.33)

S and P 500: Closed @ 1,535.28 (+20.88)

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WTI Crude Oil Future closed @ $91.86/barrel

NY Spot Gold closed @ $783.50/ounce

In New York, The U.S. Dollar buys 0.6948 Euros

In New York, The Euro buys 1.4394 U.S. Dollars

The Federal Funds Target Rate is 4.75%

Ten-Year Treasury Note Yield is currently @ 4.389%

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