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Economy

Economic Data (USA)

Friday, January 25, 2008

The DJIA and S&P 500 Advanced On The Week

All 3 major indexes declined today, but the Dow Jones Industrial Average (DJIA) and the S and P 500 managed to advance on the 4-day trading week. Before trading began on Tuesday, the Fed cut short-term rates by 75 basis points, prompted by sharp declines in Asian and European markets. Compared to last week, the price of crude oil for future delivery moved sideways, but New York Spot Gold surged past the $900 per ounce mark.

For the week, the DJIA gained 107.87 points (+0.892%), the NASDAQ Composite Index fell by 13.82 points (-0.591%), and the S and P 500 Index advanced by 5.42 points (+0.409%).

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 12,207.17 (-171.44)

NASDAQ: Closed @ 2,326.20 (-34.72)

S and P 500: Closed @ 1,330.61 (-21.46)

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NYMEX Crude Oil Future closed @ $90.71/barrel

NY Spot Gold closed @ $910.50/ounce

In New York, The U.S. Dollar buys 0.6811 Euros

In New York, The Euro buys 1.4682 U.S. Dollars

The Federal Funds Target Rate is 3.50%

10-Year Treasury Note Yield is currently @ 3.584%

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