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Economic Data (USA)

Friday, January 18, 2008

All 3 Majors Lost Over 4% On The Week

Each of the 3 major indexes lost over 4% on the week, despite a rise in consumer sentiment and the announcement of a $145 billion tax relief-oriented economic stimulus package. The price on both crude oil for future delivery and New York Spot Gold eased.

For the week, the DJIA lost 507.0 points (-4.022%), the NASDAQ Composite Index fell by 99.92 points (-4.095%), and the S and P 500 Index fell by 75.83 points (-5.412%).

Summary of The U.S. Markets for Today:


DJIA: Closed @ 12,099.30 (-59.91)

NASDAQ: Closed @ 2,340.02 (-6.88)

S and P 500: Closed @ 1,325.19 (-8.06)


WTI Crude Oil Future closed @ $90.57/barrel

NY Spot Gold closed @ $880.50/ounce

In New York, The U.S. Dollar buys 0.6839 Euros

In New York, The Euro buys 1.4622 U.S. Dollars

The Federal Funds Target Rate is 4.25%

10-Year Treasury Note Yield is currently @ 3.648%

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