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Economic Data (USA)

Friday, May 16, 2008

All 3 Majors Advanced On The Week Despite Oil @ $126

All 3 major indexes advanced on the week despite crude oil closing above the $126 per barrel mark. Investors reacted positively to encouraging news related to inflation and retail sales.

For the week, the DJIA gained 240.92 points (+1.89%), the NASDAQ Composite Index added 83.33 (+3.407%), and the S&P 500 Index advanced by 37.07 points (+2.67%).

Summary of The U.S. Markets for Today:


DJIA: Closed @ 12,986.80 (-5.86)

NASDAQ: Closed @ 2,528.85 (-4.88)

S&P 500: Closed @ 1,425.35 (+1.78)


NYMEX Crude Oil Future closed @ $126.29/barrel

NY Spot Gold closed @ $901.60/ounce

In New York, The U.S. Dollar buys 0.6419 Euros

In New York, The Euro buys 1.5578 U.S. Dollars

The Federal Funds Target Rate is 2.00%

10-Year Treasury Note Yield is currently @ 3.85%

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