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Economy

Economic Data (USA)

Friday, December 21, 2007

All 3 Majors Advanced On The Day and The Week

All 3 majors advanced on both the day and the week, as investors responded bullishly to news that the Federal Reserve will continue pumping money into financial markets via its Term Auction Facility (TAF). Investors were further encouraged by news of robust consumer spending during November.

2,339,851,160 shares were traded @ The New York Stock Exchange® today (quadruple witching.)

For the week, the DJIA gained 110.80 points (+0.831%), the NASDAQ Composite Index added 56.25 points (+2.134%), and the S and P 500 Index added 16.51 points (+1.125%).

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 13,450.65 (+205.01)

NASDAQ: Closed @ 2,691.99 (+51.13)

S and P 500: Closed @ 1,484.46 (+24.34)

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WTI Crude Oil Future closed @ $93.31/barrel

NY Spot Gold closed @ $811.70/ounce

In New York, The U.S. Dollar buys 0.6954 Euros

In New York, The Euro buys 1.438 U.S. Dollars

The Federal Funds Target Rate is 4.25%

10-Year Treasury Note Yield is currently @ 4.168%

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