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Economy

Economic Data (USA)

Friday, November 30, 2007

All 3 Majors Advanced On The Week As Crude Drops Below $89

All 3 major indexes advanced on the week as crude oil for future delivery dropped below the $89 mark. Stocks enjoyed gains thanks in no small part to cheaper crude and forecasts that the Fed will probably cut the benchmark Fed Funds Target Rate on December 11TH.

1,928,127,590 shares were traded @ The New York Stock Exchange® today.

For the week, the DJIA added 390.84 points (+3.011%), the NASDAQ Composite Index added 64.36 points (+2.479%), and the S and P 500 Index gained 40.44 points (+2.807%).

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 13,371.72 (+59.99)

NASDAQ: Closed @ 2,660.96 (-7.17)

S and P 500: Closed @ 1,481.14 (+11.42)

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NYMEX Crude Oil Future closed @ $88.71/barrel

NY Spot Gold closed @ $783.10/ounce

In New York, The U.S. Dollar buys 0.6834 Euros

In New York, The Euro buys 1.4633 U.S. Dollars

The Federal Funds Target Rate is 4.50%

10-Year Treasury Note Yield is currently @ 3.972%

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