.comment-link {margin-left:.6em;}


Economic Data (USA)

Friday, March 21, 2008

All 3 Majors Advanced On The Week

Each of the 3 major indexes enjoyed strong gains on the 4-day trading week. Wall Street was expecting the Fed to cut short-term rates by 100 basis points on Tuesday, but the FOMC opted instead for 75. The shallower-than-expected cut to interest rates helped to strengthen the dollar and caused commodities like gold and crude oil to decline. For the week, crude oil for future delivery fell by $8.37 (7.595%) to close at $101.84 per barrel, while New York Spot Gold declined by $92.40 (9.217%) to finish at $910.10 per ounce.

For the week, the DJIA gained 410.23 points (+3.433%), the NASDAQ Composite Index gained $45.62 (+2.062%), and the S and P 500 Index added 41.37 points (+3.212%).

Summary of The U.S. Markets for Today:


DJIA: Closed @ 12,361.32 (+261.66)

NASDAQ: Closed @ 2,258.11 (+48.15)

S and P 500: Closed @ 1,329.51 (+31.09)


NYMEX WTI Crude Oil Future closed @ $101.84/barrel

NY Spot Gold closed @ $910.10/ounce

In New York, The U.S. Dollar buys 0.648 Euros

In New York, The Euro buys 1.5432 U.S. Dollars

The Federal Funds Target Rate is 2.25%

10-Year Treasury Note Yield is currently @ 3.328%

Labels: , , , , ,




Entire Website © 2022 FedPrimeRate.comSM

This website is neither affiliated nor associated with The United States Federal Reserve in any way.
Information in this website is provided for educational purposes only. The owners of this website
make no warranties with respect to any and all content contained within this website. Consult a
financial professional before making important decisions related to any investment or loan
product, including, but not limited to, business loans, personal loans, education loans, first
or second mortgages, credit cards, car loans or any type of insurance.