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)
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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%
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%
Labels: djia, nasdaq, s_and_p_500, stock_market, stocks, weekly_numbers
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posted by Steve Brown | 5/16/2008 11:09:00 PM
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