Economy: All 3 Majors Lost Value On The Week As Crude Oil Continued to Climb

Friday, July 04, 2008

All 3 Majors Lost Value On The Week As Crude Oil Continued to Climb

All 3 majors lost value on the 4-day trading week, with the Dow Jones Industrial Average (DJIA) closing in bear market territory. Crude oil for future delivery closed @ $145.29 per barrel earlier today.

For the week, the DJIA lost 57.97 points (-0.511%), the NASDAQ Composite Index lost 70.25 points (-3.034%), and the S&P 500 Index fell by 15.48 points (-1.211%).

Since closing with record highs on October 9, 2007, the Dow Jones Industrial Average (DJIA) has now lost 2,875.99 points (20.304%), while the broader S&P 500 Index has given up 302.25 points (19.311%.)

Summary of The U.S. Markets for Today:

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DJIA: Closed @ 11,288.54 (+73.03)*

NASDAQ: Closed @ 2,245.38 (-6.08)*

S&P 500: Closed @ 1,262.90 (+1.38)*

* = Thursday close.

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NYMEX Crude Oil Future closed @ $145.29/barrel

NY Spot Gold closed @ $933.60/ounce

In New York, The U.S. Dollar buys 0.6369 Euros

In New York, The Euro buys 1.5702 U.S. Dollars

The Federal Funds Target Rate is 2.00%

10-Year Treasury Note Yield is currently @ 3.973%

Labels: djia, nasdaq, s_and_p_500, stock_market, stocks, weekly_numbers