All 3 Majors Advanced On The Week As Fed Cut Rates by 25 Basis Points
All 3 major indexes advanced on the week as the Fed cut short-term rates by an expected 25 basis points.
For the week, the DJIA added 166.34 points (+1.29%), the NASDAQ Composite Index gained 54.06 (+2.231%), and the S&P 500 Index rose by 16.06 points (+1.149%).
Summary of The U.S. Markets for Today:
----------------------------------------------------------
DJIA: Closed @ 13,058.20 (+48.20)
NASDAQ: Closed @ 2,476.99 (-3.72)
S&P 500: Closed @ 1,413.90 (+4.56)
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NYMEX Crude Oil Future closed @ $116.32/barrel
NY Spot Gold closed @ $855.60/ounce
In New York, The U.S. Dollar buys 0.6484 Euros
In New York, The Euro buys 1.5424 U.S. Dollars
The Federal Funds Target Rate is 2.00%
10-Year Treasury Note Yield is currently @ 3.845%
Summary of The U.S. Markets for Today:
----------------------------------------------------------
DJIA: Closed @ 13,058.20 (+48.20)
NASDAQ: Closed @ 2,476.99 (-3.72)
S&P 500: Closed @ 1,413.90 (+4.56)
----------------------------------------------------------
NYMEX Crude Oil Future closed @ $116.32/barrel
NY Spot Gold closed @ $855.60/ounce
In New York, The U.S. Dollar buys 0.6484 Euros
In New York, The Euro buys 1.5424 U.S. Dollars
The Federal Funds Target Rate is 2.00%
10-Year Treasury Note Yield is currently @ 3.845%
Labels: djia, nasdaq, s_and_p_500, stock_market, stocks, weekly_numbers
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posted by Steve Brown | 5/02/2008 11:17:00 PM
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