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Economic Data (USA)

Friday, September 05, 2008

All 3 Majors Retreated On The Week

All 3 major indices retreated on the week despite cheaper crude oil and a stronger dollar. Earlier today, the Labor Department reported that the jobless rate jumped to 6.1% last month, while non-farm payrolls declined by 84,000.

For the week, the DJIA lost 322.59 points (-2.795%), the NASDAQ Composite Index lost 111.64 points (-4.715%), and the S and P 500 Index shed 40.52 points (-3.159%).

Summary of The U.S. Markets for Today:


DJIA: Closed @ 11,220.96 (+32.73)

NASDAQ: Closed @ 2,255.88 (-3.16)

S and P 500: Closed @ 1,242.31 (+5.48)


NYMEX Crude Oil Future closed @ $106.23/barrel

NY Spot Gold closed @ $802.90/ounce

In New York, The U.S. Dollar buys 0.7009 Euros

In New York, The Euro buys 1.4267 U.S. Dollars

The Federal Funds Target Rate is 2.00%

10-Year Treasury Note Yield is currently @ 3.66%

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