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Economy

Economic Data (USA)

Friday, September 26, 2008

All 3 Majors Declined On The Week

All 3 majors lost points on the week. Congress rejected the Bush administration's $700 billion plan to purchase Wall Street's bad debt; investors reacted to the failed initiative by selling equities. On Monday, the Dow Jones Industrial Average (DJIA) fell by 777.68 points (6.98%) while the S and P 500 lost 106.62 points (8.79%).

For the week, the DJIA shed 245.31 points (-2.154%), the NASDAQ Composite Index lost 90.56 points (-3.983%), and the S&P 500 Index fell by 42.07 points (-3.352%).


Summary of The U.S. Markets for Today:

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DJIA: Closed @ 11,143.13 (+121.07)

NASDAQ: Closed @ 2,183.34 (-3.23)

S and P 500: Closed @ 1,213.01 (+3.83)

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NYMEX Crude Oil Future closed @ $106.89/barrel

NY Spot Gold closed @ $877.80/ounce

In New York, The U.S. Dollar buys 0.6843 Euros

In New York, The Euro buys 1.4614 U.S. Dollars

The Federal Funds Target Rate is 2.00%

10-Year Treasury Note Yield is currently @ 3.827%

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