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Economy

Economic Data (USA)

Friday, January 11, 2008

All 3 Majors Declined On The Day and The Week

News that Bank of America has agreed to buy troubled home-loan giant Countrywide Financial wasn't enough to help the major indexes this week, as all 3 majors declined on both the day and the week. Though crude oil prices eased, New York Spot Gold surged closer to the $900 per ounce mark.

For the week, the DJIA declined by 193.88 points (-1.515%), the NASDAQ Composite Index fell by 64.71 points (-2.584%), and the S and P 500 Index lost 10.61 points (-0.752%).

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 12,606.30 (-246.79)

NASDAQ: Closed @ 2,439.94 (-48.58)

S and P 500: Closed @ 1,401.02 (-19.31)

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NYMEX WTI Crude Oil Future closed @ $92.69/barrel

NY Spot Gold closed @ $894.90/ounce

In New York, The U.S. Dollar buys 0.6768 Euros

In New York, The Euro buys 1.4776 U.S. Dollars

The Federal Funds Target Rate is 4.25%

10-Year Treasury Note Yield is currently @ 3.81%

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