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Economy

Economic Data (USA)

Friday, March 07, 2008

All 3 Majors Declined On Both The Day and The Week On Bleak Jobs Report

All 3 major indexes lost ground on both the day and the week. The week began with discouraging news related to U.S. manufacturing, and ended with a dismal jobs report. Crude oil for future delivery ended the week at $105.15 per barrel, while the price on New York Spot Gold eased a bit.

For the week, the DJIA lost 372.70 points (-3.038%), the NASDAQ Composite Index fell by 58.99 points (-2.597%), and the S&P 500 Index declined by 37.26 points (-2.80%).

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 11,893.69 (-146.70)

NASDAQ: Closed @ 2,212.49 (-8.01)

S&P 500: Closed @ 1,293.37 (-10.97)

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NYMEX Crude Oil Future closed @ $105.15/barrel

NY Spot Gold closed @ $972.40/ounce

In New York, The U.S. Dollar buys 0.6512 Euros

In New York, The Euro buys 1.5356 U.S. Dollars

The Federal Funds Target Rate is 3.0%

10-Year Treasury Note Yield is currently @ 3.541%

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