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Economy

Economic Data (USA)

Friday, June 06, 2008

All 3 Majors Declined On The Week On $138.54 Crude Oil and A Jump In the Jobless Rate

All 3 major indices lost value on the day and the week: Investors reacted bearishly to news that the unemployment rate jumped to 5.5% last month and to crude oil for future delivery soaring passed the $138 per barrel mark in New York earlier today.

For the week, the DJIA lost 428.51 points (-3.391%), the NASDAQ Composite Index shed 48.10 points (-1.907%), and the S&P 500 Index lost 39.70 points (-2.835%).

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 12,209.81 (-394.64)

NASDAQ: Closed @ 2,474.56 (-75.38)

S&P 500: Closed @ 1,360.68 (-43.37)

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NYMEX Crude Oil Future closed @ $138.54/barrel

NY Spot Gold closed @ $902.20/ounce

In New York, The U.S. Dollar buys 0.6338 Euros

In New York, The Euro buys 1.5778 U.S. Dollars

The Federal Funds Target Rate is 2.00%

10-Year Treasury Note Yield is currently @ 3.938%

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