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Economy

Economic Data (USA)

Friday, February 08, 2008

All 3 Majors Lost Over 4 Percent On The Week

Each of the 3 major indexes shed more than 4 percent this week, as recession fears and concerns about the health of bond insurers continued to plagued markets. Commodities like gold and crude oil edged higher.

For the week, the DJIA lost 561.06 points (-4.403%), the NASDAQ Composite Index fell by 108.51 points (-4.496%), and the S and P 500 Index lost 64.81 points (-4.596%).

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 12,182.13 (-64.87)

NASDAQ: Closed @ 2,304.85 (+11.82)

S and P 500: Closed @ 1,331.29 (-5.62)

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NYMEX WTI Crude Oil Future closed @ $91.77/barrel

NY Spot Gold closed @ $923.20/ounce

In New York, The U.S. Dollar buys 0.6893 Euros

In New York, The Euro buys 1.4507 U.S. Dollars

The Federal Funds Target Rate is 3.0%

10-Year Treasury Note Yield is currently @ 3.654%

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