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Economy

Economic Data (USA)

Friday, June 27, 2008

All 3 Majors Lost More Than 3% on The Week

Each of the 3 major indexes lost ground on both the day and the week as crude oil for future delivery closed above the $140 per barrel mark. On Wednesday, the Fed opted to leave short-term interest rates at their current level. The dollar declined against the euro while New York Spot Gold closed at $926.80 per ounce.

For the week, the DJIA lost 496.18 points (-4.19%), the NASDAQ Composite Index lost 90.46 points (-3.76%), and the S&P 500 Index fell by 39.55 points (-3.001%).


Since closing with record highs on October 9, 2007, the Dow Jones Industrial Average (DJIA) has now lost 2,818.02 points (19.895%), while the broader S&P 500 Index has given up 286.77 points (18.322%.)

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 11,346.51 (-106.91)

NASDAQ: Closed @ 2,315.63 (-5.74)

S&P 500: Closed @ 1,278.38 (-4.77)

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NYMEX Crude Oil Future closed @ $140.21/barrel

NY Spot Gold closed @ $926.80/ounce

In New York, The U.S. Dollar buys 0.6337 Euros

In New York, The Euro buys 1.5782 U.S. Dollars

The Federal Funds Target Rate is 2.00%

10-Year Treasury Note Yield is currently @ 3.99%

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