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Economy

Economic Data (USA)

Friday, August 08, 2008

All 3 Majors Advanced On The Week On Cheaper Crude Oil

All 3 major indexes advanced on the week as crude oil for future delivery dropped $9.90 (7.914%) since last Friday, and the dollar gained considerable strength against the euro. New York Spot Gold got cheaper, closing at $855.50 per ounce. The Fed opted to leave short-term interest rates alone on Tuesday.

For the week, the DJIA added 408.00 points (+3.602%), the NASDAQ Composite Index gained 103.14 points (+4.463%), and the S+P 500 Index gained 36.01 added (+2.857%).


Summary of The U.S. Markets for Today:

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DJIA: Closed @ 11,734.32 (+302.89)

NASDAQ: Closed @ 2,414.10 (+58.37)

S&P 500: Closed @ 1,296.32 (+30.25)

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NYMEX Crude Oil Future closed @ $115.20/barrel

NY Spot Gold closed @ $855.50/ounce

In New York, The U.S. Dollar buys 0.6664 Euros

In New York, The Euro buys 1.5005 U.S. Dollars

The Federal Funds Target Rate is 2.00%

10-Year Treasury Note Yield is currently @ 3.95%

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