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Economy

Economic Data (USA)

Friday, October 19, 2007

All 3 Majors Declined Sharply On The Week

Today, on the twentieth anniversary of the 1987 stock market crash, all 3 major indexes declined sharply. Investors moved money to the safety of government bonds in response to lackluster earnings reports and concerns that global credit markets haven't fully recovered from the summer's credit crunch. The dollar continued to decline against the euro and other major currencies, while crude oil and gold continued upward.

1,795,585,720 shares were traded @ The New York Stock Exchange® today.

For the week, the DJIA lost 571.06 points (-4.05%), the NASDAQ Composite Index lost 80.52 points (-2.87%), and the S and P 500 Index lost 61.17 points (-3.92%).

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 13,522.02 (-366.94)

NASDAQ: Closed @ 2,725.16 (-74.15)

S and P 500: Closed @ 1,500.63 (-39.45)

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NYMEX Crude Oil Future closed @ $88.60/barrel

NY Spot Gold closed @ $763.60/ounce

In New York, The U.S. Dollar buys 0.6992 Euros

In New York, The Euro buys 1.4302 U.S. Dollars

The Federal Funds Target Rate is 4.75%

10-Year Treasury Note Yield is currently @ 4.401%

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