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Economy

Economic Data (USA)

Friday, May 23, 2008

All 3 Majors Lost Over 3% On The Week On High Crude Prices

All 3 major indices lost more than 3% on the week: crude oil for future delivery ended the week at $132.19 per barrel in New York.

For the week, the DJIA lost 507.17 points (-3.905%), the NASDAQ Composite Index fell by 84.18 (-3.329%), and the S and P 500 Index shed 49.42 points (-3.467%).

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 12,479.63 (-145.99)

NASDAQ: Closed @ 2,444.67 (-19.91)

S and P 500: Closed @ 1,375.93 (-18.42)

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NYMEX Crude Oil for Future Delivery closed @ $132.19/barrel

NY Spot Gold closed @ $924.20/ounce

The Federal Funds Target Rate is 2.00%

Ten-Year Treasury Note Yield is currently @ 3.83%

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