All 3 Majors Advanced On The Day and On The Week Despite Worrisome Jobs Report
All 3 major indices advanced on both the day and the week despite a worrisome employment situation report. Earlier in the week, the Fed cut short-term interest rates by 50 basis points, as expected.
For the week, the DJIA gained 536.02 points (+4.391%), the NASDAQ Composite Index added 87.16 points (+3.747%), and the S and P 500 Index advanced by 64.81 points (+4.871%).
Summary of The U.S. Markets for Today:
----------------------------------------------------------
DJIA: Closed @ 12,743.19 (+92.83)
NASDAQ: Closed @ 2,413.36 (+23.50)
S and P 500: Closed @ 1,395.42 (+16.87)
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NYMEX WTI Crude Oil Future closed @ $88.96/barrel
NY Spot Gold closed @ $907.90/ounce
In New York, The U.S. Dollar buys 0.6756 Euros
In New York, The Euro buys 1.4802 U.S. Dollars
The Federal Funds Target Rate is 3.0%
10-Year Treasury Note Yield is currently @ 3.6%
Summary of The U.S. Markets for Today:
----------------------------------------------------------
DJIA: Closed @ 12,743.19 (+92.83)
NASDAQ: Closed @ 2,413.36 (+23.50)
S and P 500: Closed @ 1,395.42 (+16.87)
----------------------------------------------------------
NYMEX WTI Crude Oil Future closed @ $88.96/barrel
NY Spot Gold closed @ $907.90/ounce
In New York, The U.S. Dollar buys 0.6756 Euros
In New York, The Euro buys 1.4802 U.S. Dollars
The Federal Funds Target Rate is 3.0%
10-Year Treasury Note Yield is currently @ 3.6%
Labels: djia, nasdaq, s_and_p_500, stock_market, stocks, weekly_numbers
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posted by Steve Brown | 2/01/2008 10:52:00 PM
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